Short answer
Pentair (PNR) filed an 8-K current report with the SEC on September 2, 2026 reporting Item 2.03 (Creation of a Direct Financial Obligation). $1.4B senior unsecured term facilities arranged to fund part of Taco’s $1.425B acquisition price, fees, and debt refinancing.
Pentair 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.03 · Creation of a Direct Financial Obligation
- $1.4B senior unsecured term facilities arranged to fund part of Taco’s $1.425B acquisition price, fees, and debt refinancing
- No borrowings outstanding as of September 1, 2026; funding depends on Taco acquisition closing and other conditions
- Tranche 1 matures 18 months after closing; $1.0B Tranche 2 matures May 5, 2030
- Leverage covenant generally capped at 3.75x debt-to-EBITDA, expandable to 4.25x for four testing periods after qualifying acquisitions
- Undrawn commitments incur a 0.125% annual ticking fee beginning November 24, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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