Hubbell markets senior notes through three bookrunners

Chicago, March 3 – Hubbell Inc. intends to sell an offering of fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission on Wednesday.

The notes will be callable until several months before the maturity date at par plus the remaining scheduled payments of principal and interest due discounted to the redemption date plus a premium.

Should the company have a change-of-control triggering event, the notes are putable at 101.

BofA Securities, Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are joint bookrunners for the deal.

Proceeds will be used, with cash on hand, to redeem in full all of the company’s $300 million outstanding 3.625% senior notes due Nov. 15, 2022. Any remaining proceeds will be used for general corporate purposes.

The electrical products and utility solutions company is based in Shelton, Conn.

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