Xylem Inc. 8-K, filed Sep 29, 2026

Summary

Xylem Inc. completed a $1.5 billion public offering of senior notes in three tranches — $500 million each of 5.250% notes due 2029, 5.450% notes due 2032, and 5.850% notes due 2037 — and intends to use the net proceeds with cash on hand to finance all or part of its previously announced acquisition of the Cornell Pump and Roper Pump businesses. The notes carry a special mandatory redemption at 101% of principal if that acquisition is not completed by August 10, 2027 or earlier, or if the equity purchase agreement is terminated.

Key points

• Xylem completed a $1.5 billion public offering of senior notes in three tranches: $500 million of 5.250% notes due 2029, $500 million of 5.450% notes due 2032, and $500 million of 5.850% notes due 2037.
• Net proceeds, together with cash on hand, are intended to fund all or part of the purchase price for the previously announced acquisition of the Cornell Pump and Roper Pump businesses and related costs, and for general corporate purposes.
• The notes must be redeemed at 101% of principal plus accrued interest if the acquisition is not consummated by a special mandatory redemption end date (no earlier than August 10, 2027), if the equity purchase agreement is terminated, or if Xylem notifies the trustee it will not pursue the acquisition.
• The notes are senior unsecured obligations ranking equally with Xylem's other unsecured and unsubordinated debt, issued under a sixth supplemental indenture with Deutsche Bank Trust Company Americas as trustee.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.