nVent Electric to redeem 3.95% notes due 2023 via new notes

By Marisa Wong

Los Angeles, Nov. 8 – nVent Electric plc plans to redeem in full its 3.95% notes due April 15, 2023 using proceeds from an offering of new notes, according to a 424B5 filing with the Securities and Exchange Commission.

As of Sept. 30, $300 million principal amount of the notes was outstanding.

Wholly owned subsidiary nVent Finance Sarl is offering senior notes guaranteed by the parent company.

Proceeds will also be used for general corporate purposes.

Based in London, nVent designs, manufactures, markets and installs electrical connection and protection products for sensitive equipment, buildings and critical processes.

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