Pentair Finance plans to conduct offering of senior notes

By Devika Patel

Knoxville, Tenn., June 12 – Pentair Finance Sarl plans to offer dollar-denominated senior notes, according to a 424B5 filed with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, BofA Securities Inc., Citigroup Global Markets Inc., MUFG and U.S. Bancorp Investments Inc. are the bookrunners.

The notes are guaranteed by Pentair plc and Pentair Investments Switzerland GmbH.

Proceeds will be used to repay commercial paper issued by Pentair Finance and for general corporate purposes.

Pentair is a Minneapolis-based company mostly providing equipment related to water.

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