Short answer
Pentair (PNR) filed an 8-K current report with the SEC on May 6, 2026 reporting Item 2.03 (Creation of a Direct Financial Obligation). $500M term loan added on May 5, 2026, refinancing and terminating prior term-loan agreement.
Pentair 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.03 · Creation of a Direct Financial Obligation
- $500M term loan added on May 5, 2026, refinancing and terminating prior term-loan agreement
- $628.6M revolving borrowings outstanding against $900M facility, bringing total senior debt facilities to $1.129B
- Facilities mature May 5, 2030, with quarterly amortization beginning June 30, 2027
- Leverage covenant capped at 3.75x, or 4.25x temporarily following qualifying acquisitions
- Interest coverage covenant requires EBITDA-to-cash-interest ratio of at least 3.00x
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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