Hubbell Incorporated Prices Offering of Senior Notes Due 2035
Rhea-AI Summary
Hubbell (NYSE: HUBB) priced $400 million of 4.80% senior notes due 2035, with the offering expected to close on November 14, 2025 subject to customary closing conditions. Net proceeds together with cash on hand are expected to be used to redeem in full $400 million aggregate principal of the Company’s 3.350% senior notes due March 1, 2026, and to pay any applicable premium and accrued interest.
The notes were underwritten by BofA Securities, HSBC Securities (USA), and J.P. Morgan Securities and are offered pursuant to an effective Form S-3 shelf registration statement.
Positive
- Issued $400M of 4.80% senior notes due 2035
- Proceeds plus cash to redeem $400M of 2026 notes in full
- Extends weighted debt maturity from 2026 to 2035
Negative
- New coupon at 4.80% exceeds the redeemed notes' 3.350%, raising interest cost
- Transaction close is subject to customary conditions, not yet final
News Market Reaction 1 Alert
On the day this news was published, HUBB gained 0.01%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Shelton, CT, Oct. 30, 2025 (GLOBE NEWSWIRE) --
Hubbell Incorporated (NYSE: HUBB) (“Hubbell” or the “Company”) today announced that it has successfully priced an offering of
The offering is expected to close on November 14, 2025, subject to customary closing conditions. Net proceeds from the offering, together with cash on hand, are expected to be used to redeem in full all of the Company’s outstanding
BofA Securities, Inc., HSBC Securities (USA) Inc., and J.P. Morgan Securities LLC acted as joint book-running managers for the offering.
The notes are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained by contacting BofA Securities, Inc. at dg.prospectus_requests@bofa.com, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department or calling toll-free 1-800-294-1322; HSBC Securities (USA), Inc., 66 Hudson Boulevard, New York, NY 10001, or calling toll-free at 866-811-8049; or J.P. Morgan Securities LLC at 270 Park Ave, New York, NY 10017, Attention: Investment Grade Syndicate Desk, or calling collect at 212-834-4533. You may also get these documents for free by visiting the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes described herein or any other securities, nor shall there be any sale of these notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. This press release shall not constitute a notice of redemption of the 2026 Notes.
About Hubbell
Hubbell Incorporated is a leading manufacturer of utility and electrical solutions enabling customers to operate critical infrastructure safely, reliably and efficiently. With 2024 revenues of
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute Hubbell’s current expectations based on reasonable assumptions. Such forward-looking statements include, but are not limited to, our financing plans, including the offering of the notes and the details thereof, the proposed use of proceeds therefrom and other expected effects of the offering of the notes and anticipated use of our shelf registration statement, which are subject to risks and uncertainties, such as our continued eligibility to use the shelf registration statement, demand for our securities, market and general economic conditions and other risks and uncertainties.
Actual results could differ materially from those projected in Hubbell’s forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in the prospectus supplement related to the offering and Hubbell’s filings with the SEC, including, but not limited to, the risks discussed under “Risk Factors” and “Management’s Discussion and Analysis” in Hubbell’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025 and in any other subsequent reports filed with the SEC. Potential investors are encouraged to read Hubbell’s filings to learn more about the risk factors associated with Hubbell’s business and the offering. Hubbell undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law.
Contact: Jonathon Murphy
Hubbell Incorporated
40 Waterview Drive
P.O. Box 1000
Shelton, Connecticut 06484
(475) 882-4000
FAQ
What did Hubbell (HUBB) announce on October 30, 2025 about new debt?
How will Hubbell use the proceeds from the HUBB 2035 notes offering?
Does the HUBB 2035 notes offering change Hubbell’s debt maturity profile?
What is the interest rate difference between the new HUBB notes and the redeemed 2026 notes?
When will the HUBB notes offering close and is it final?
Under what registration was the HUBB 2035 notes offering made?
