Vertiv Announces Completion of $2.1 Billion Senior Unsecured Bond Offering and $2.5 Billion Senior Unsecured Revolving Credit Facility

Rhea-AI Summary

Vertiv (NYSE: VRT) completed a $2.1 billion senior unsecured notes offering and closed a new $2.5 billion five-year senior unsecured revolving credit facility on March 3, 2026. Net proceeds of $2.08 billion plus cash repaid the Company's secured term loan in full and released related guarantees and liens.

The offering included 10-, 20-, 30- and 40-year tranches and follows one-notch upgrades from S&P and Moody's, leaving ratings at Baa3 / BBB- / BBB- (Moody's / S&P / Fitch).

Positive

• Net proceeds of $2.08 billion from the Notes offering
• $2.5 billion five-year senior unsecured revolving credit facility closed
• Repaid existing secured term loan in full and released related guarantees and liens
• Notes split across 10-, 20-, 30-, 40-year maturities, extending debt maturity profile
• One-notch rating upgrades; current ratings Baa3 / BBB- / BBB-

Negative

• None.

Key Figures

Senior notes offering: $2.1 billion Revolving credit facility: $2.5 billion Net proceeds from notes: $2.08 billion +5 more

8 metrics

Senior notes offering $2.1 billion Size of senior unsecured notes (debut investment grade offering)

Revolving credit facility $2.5 billion New senior unsecured revolving credit facility size

Net proceeds from notes $2.08 billion Net proceeds used with cash on hand to repay secured term loan

Prior revolving facility $800 million Amount of prior asset-based revolving credit facility refinanced and replaced

Notes maturities 10, 20, 30, 40 years Four tranches of notes extending weighted average debt maturity

Revolver maturity 5 years Maturity of new senior unsecured revolving credit facility

Credit ratings Baa3 / BBB- / BBB- Investment grade ratings from Moody’s, S&P and Fitch

Global presence 130+ countries Vertiv business footprint worldwide

Market Reality Check

Price: $257.75 Vol: Volume 6,784,656 is sligh...

normal vol

$257.75 Last Close

Volume Volume 6,784,656 is slightly below the 20-day average of 7,005,318 (relative volume 0.97x). normal

Technical Price 244.44 is trading above the 200-day MA of 156.86, near the -7.71% zone below its 52-week high of 264.86.

Peers on Argus

VRT was up 1.12% while key peers like HUBB (-2.1%), NVT (-2.61%), AYI (-2.62%) a...

VRT was up 1.12% while key peers like HUBB (-2.1%), NVT (-2.61%), AYI (-2.62%) and AEIS (-0.96%) were down, with only ENS higher (+4.05%). This points to a stock-specific move rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 26	AI infra partnership	Positive	-1.1%	Launch of Vertiv OneCore and Hut 8 AI infrastructure collaboration.
Feb 11	Earnings results	Positive	+24.5%	Strong Q4 2025 results with higher sales, margins and EPS.
Feb 03	Investor conferences	Neutral	+0.1%	Participation in February investor conferences with executive presentations.
Jan 22	AI service launch	Positive	-0.2%	Launch of Vertiv Next Predict AI-powered predictive maintenance service.
Jan 21	Earnings date set	Neutral	+3.6%	Announcement of Q4 2025 earnings release and 2026 Investor Conference.

Pattern Detected

Recent company-specific news has often been positive, with strong upside on major earnings but mixed or negative reactions to product and partnership announcements.

Recent Company History

Over the past few months, Vertiv has reported several notable developments. On Feb 11, 2026, it posted strong Q4 2025 earnings with significant growth and the stock rose 24.49%. Earlier AI and service launches on Jan 21–22, 2026 saw small negative or flat moves. Partnership and AI infrastructure news on Feb 26, 2026 also drew a modest -1.13% reaction. Against this backdrop, the current investment-grade bond offering and larger revolving credit facility represent a capital structure milestone rather than an operational update.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-02-19

Vertiv has an effective S-3ASR shelf registration filed on Feb 19, 2026, allowing issuance of various types of debt securities for general corporate purposes, including working capital, acquisitions, capital expenditures, debt repayment or stock repurchases. The shelf has been used in at least 2 prospectus supplements (Form 424B5) dated Feb 19, 2026 and Feb 25, 2026.

Market Pulse Summary

This announcement details Vertiv’s refinancing milestone, including a $2.1 billion senior unsecured ...

Analysis

This announcement details Vertiv’s refinancing milestone, including a $2.1 billion senior unsecured notes issue and a new $2.5 billion revolving credit facility used to retire a secured term loan and an $800 million asset-based revolver. The moves follow recent upgrades to investment grade ratings (Baa3 / BBB- / BBB-) and extend debt maturities. Investors may track how this structure affects interest expense, leverage, future debt issuance under the shelf, and flexibility to fund growth initiatives.

Key Terms

senior unsecured notes, revolving credit facility, investment grade credit rating, asset-based revolving credit facility, +3 more

7 terms

senior unsecured notes financial

"completion of a $2.1 billion Senior Unsecured Notes (the "Notes") offering"

Senior unsecured notes are a type of loan a company borrows from investors, promising to pay back with interest. They are called "unsecured" because they aren’t backed by specific assets like buildings or equipment, but "senior" because they are paid back before other debts if the company gets into trouble. Investors see them as a relatively safer way for companies to raise money.

revolving credit facility financial

"closing of a new $2.5 billion Senior Unsecured Revolving Credit Facility"

A revolving credit facility is a type of loan that a business can borrow from whenever it needs money, up to a set limit. It’s like having a credit card for companies—allowing them to borrow, pay back, and borrow again as needed, providing flexibility for managing cash flow or funding short-term expenses.

investment grade credit rating financial

"the Company's debut offering with an investment grade credit rating"

A formal score from a credit rating agency that signals a borrower’s debt is considered relatively low risk of default; think of it as a financial “report card” showing the borrower can reliably pay interest and return principal. For investors it matters because investment-grade debt typically carries lower interest rates and steadier prices, so owning it reduces the chance of sudden losses and helps judge trade-offs between safety and return.

asset-based revolving credit facility financial

"replaced the Company's prior $800 million asset-based revolving credit facility"

A loan arrangement where a lender agrees to make funds available up to a set limit that a borrower can draw, repay, and draw again, with the amount available tied to the value of specific assets (like inventory, receivables, or equipment) pledged as collateral. It matters to investors because it provides flexible working capital while limiting risk exposure: the company can fund growth or cover shortfalls quickly, but borrowing capacity can shrink if asset values fall.

term loan financial

"repay in full the outstanding balance under the Company's existing secured term loan"

A term loan is a type of loan that is borrowed for a set period of time, with a fixed schedule for repaying the money, usually in regular payments. It matters to investors because it represents a company's borrowing costs and financial stability; reliable repayment of these loans can indicate strong financial health, while difficulties may signal potential risks.

shelf registration statement regulatory

"pursuant to an effective shelf registration statement (including a prospectus..."

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

prospectus supplement regulatory

"only by means of a prospectus supplement and accompanying prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. Not financial advice.

COLUMBUS, Ohio, March 3, 2026 /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT) (the "Company" or "Vertiv"), a global leader in critical digital infrastructure, announced today the successful completion of a $2.1 billion Senior Unsecured Notes (the "Notes") offering, and closing of a new $2.5 billion Senior Unsecured Revolving Credit Facility (the "Revolving Credit Facility).

The Notes offering was the Company's debut offering with an investment grade credit rating. The Company raised $2.08 billion in net proceeds from the Notes offering, which was used, together with cash on hand, to repay in full the outstanding balance under the Company's existing secured term loan and pay related fees and expenses. The offering was split across four tranches of Notes, with 10-year, 20-year, 30-year, and 40-year maturities, which extends the weighted average maturity of Vertiv's debt portfolio.

The Company has also entered into a new Revolving Credit Facility with a five-year maturity, which has refinanced and replaced the Company's prior $800 million asset-based revolving credit facility (the "RCF Refinancing"). Following the completion of the Notes offering and the RCF Refinancing, all amounts owed under the Company's existing term loan and the asset-based revolving credit facility have been repaid in full, all commitments with respect thereto have been terminated, and all related guarantees and liens have been released.

On February 12, 2026 and February 19, 2026, each of S&P and Moody's upgraded Vertiv's debt rating by one notch. Vertiv's debt ratings are Baa3 / BBB- / BBB- from Moody's, S&P and Fitch, respectively.

"We are proud to have received investment grade ratings from all three ratings agencies. We are very pleased with the result of the Notes offering and the Revolving Credit Facility which allows us to maintain our strong net debt financial position. Together, these financing initiatives will bolster the Company's liquidity and provide financial flexibility to support the Company's growth strategy. This completes an important step in our refinancing efforts and enables us to significantly strengthen our debt portfolio," said Giordano Albertazzi, Chief Executive Officer at Vertiv. "Significantly oversubscribed demand for the transaction speaks to our stakeholders' conviction in Vertiv and confidence in our strategy and future outlook."

BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, ING Financial Markets LLC, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint active bookrunners for the offering of the Notes.

The offering was made pursuant to an effective shelf registration statement (including a prospectus and related prospectus supplement) filed by Vertiv with the Securities and Exchange Commission (the "SEC"). The offering was made only by means of a prospectus supplement and accompanying prospectus. Copies may be obtained by contacting BofA Securities, Inc. toll-free at (800) 294-1322, Citigroup Global Markets Inc. toll-free at (800) 831-9146, Goldman Sachs & Co. LLC toll-free at (866) 471-2526, ING Financial Markets LLC toll-free at (877) 446-4930, J.P. Morgan Securities LLC collect at (212) 834-4533 or Wells Fargo Securities, LLC toll-free at (800) 645-3751.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

Advisors

Willkie Farr & Gallagher LLP served as legal counsel to Vertiv. Milbank LLP served as legal counsel to the underwriters.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Vertiv is a global leader in critical digital infrastructure for applications in data centers, communication networks, and commercial and industrial environments. As businesses, industries, and communities become more connected, Vertiv pioneers and delivers end-to-end power and cooling technologies to help its customers stay resilient, optimized, and future-ready. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit vertiv.com.

Category: Financial News

Cautionary Note Concerning Forward-Looking Statements

This news release, and other statements that Vertiv may make in connection therewith, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Vertiv's future financial or business performance, strategies or expectations, and as such are not historical facts. This includes, without limitation, statements regarding Vertiv's financial position, capital structure, indebtedness, business strategy and plans and objectives of Vertiv management for future operations and statements regarding growth. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Vertiv cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which could change over time. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "strive," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this release are based on current expectations and beliefs concerning future developments and their potential effects on Vertiv. There can be no assurance that future developments affecting Vertiv will be those that Vertiv has anticipated. Vertiv undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Vertiv's control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Vertiv has previously disclosed risk factors in its Securities and Exchange Commission ("SEC") reports, including those set forth in the Vertiv 2025 Annual Report on Form 10-K filed with the SEC on February 13, 2026. These risk factors, among others, could cause actual results to differ materially from historical performance and include, but are not limited to: risks relating to the continued growth of our customers' markets; long sales cycles for certain Vertiv products and solutions as well as unpredictable placing or cancelling of customer orders; failure to realize sales expected from our backlog of orders and contracts; disruption of or consolidation in our customer's markets or categorical shifts in customer technology spending; less leverage with large customer contract terms; failure to mitigate risks associated with long-term fixed price contracts; competition in the industry in which we operate; failure to obtain performance and other guarantees from financial institutions; risks associated with governmental contracts; failure to properly manage production cost changes and supply; failure to anticipate market change and competition in the infrastructure technologies; risks associated with information technology disruption or cyber-security incidents; risks associated with the implementation and enhancement of information systems; failure to realize the expected benefit from any rationalization, restructuring and improvement efforts; disruption of, or changes in, Vertiv's independent sales representatives, distributors and original equipment manufacturers; increase of variability in our effective tax rate costs or liabilities associated with product liability due to global operations subjecting us to income and other taxes in the U.S. and numerous foreign entities; costs or liabilities associated with product liability and damage to our reputation and brands; the global scope of Vertiv's operations, especially in emerging markets; failure to benefit from future significant corporate transactions; risks associated with Vertiv's sales and operations and expanding global production facilities; risks associated with future legislation and regulation of Vertiv's customers' markets; our ability to comply with various laws and regulations including but not limited to, laws and regulations relating to data protection and data privacy; failure to properly address legal compliance issues, particularly those related to imports/exports, anti-corruption laws, and foreign operations; risks associated with foreign trade policy, including tariffs and global trade conflict risks associated with litigation or claims against the Company, including the risk of adverse outcomes to any legal claims and proceedings; our ability to protect or enforce our proprietary rights on which our business depends; third party intellectual property infringement claims; liabilities associated with environmental, health and safety matters; failure to achieve environmental, social and governance goals; failure to realize the value of goodwill and intangible assets; exposure to fluctuations in foreign currency exchange rates; failure to remediate material weaknesses in our internal controls over financial reporting; our level of indebtedness and our ability to comply with the covenants and restrictions contained in our credit agreements; our ability to access funding through capital markets; resales of Vertiv securities may cause volatility in the market price of our securities; our organizational documents contain provisions that may discourage unsolicited takeover proposals; our certificate of incorporation includes a forum selection clause, which could discourage or limit stockholders' ability to make a claim against it; the ability of our subsidiaries to pay dividends; factors relating to the business, operations and financial performance of Vertiv and its subsidiaries, including: global economic weakness and uncertainty; our ability to attract, train and retain key members of our leadership team and other qualified personnel; the adequacy of our insurance coverage; fluctuations in interest rates materially affecting our financial results and increasing the risk our counterparties default in our interest rate hedges; our incurrence of significant costs and devotion of substantial management time as a result of operating as a public company; and other risks and uncertainties indicated in Vertiv's SEC reports or documents filed or to be filed with the SEC by Vertiv. Forward-looking statements included in this news release speak only as of the date of this news release or any earlier date specified for such statements. All subsequent written or oral forward-looking statements attributable to Vertiv or persons acting on Vertiv's behalf may be qualified in their entirety by this Cautionary Note Concerning Forward-Looking Statements.

For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv
E: lynne.maxeiner@vertiv.com

For media inquiries, please contact:
Ruder Finn for Vertiv
E: Vertiv@ruderfinn.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vertiv-announces-completion-of-2-1-billion-senior-unsecured-bond-offering-and-2-5-billion-senior-unsecured-revolving-credit-facility-302703034.html

SOURCE Vertiv Holdings Co

FAQ

How much did Vertiv (VRT) raise from its March 3, 2026 senior unsecured notes offering?

Vertiv raised $2.1 billion from the notes offering with $2.08 billion in net proceeds. According to the company, net proceeds were used, with cash on hand, to repay the secured term loan in full.

What are the terms of Vertiv's new revolving credit facility announced March 3, 2026 (VRT)?

Vertiv closed a $2.5 billion senior unsecured revolving credit facility with a five-year maturity. According to the company, the facility refinanced and replaced the prior $800 million asset-based revolver.

How did the March 2026 financing affect Vertiv's debt structure (VRT)?

The financings extended Vertiv's weighted average debt maturity and removed secured liens. According to the company, all term loan and prior revolver balances were repaid and related guarantees and liens released.

What maturities were included in Vertiv's $2.1 billion notes offering (VRT)?

The offering was split across 10-, 20-, 30- and 40-year tranches, extending long-term maturities. According to the company, this structure lengthens the weighted average maturity of its debt portfolio.

Did Vertiv (VRT) receive investment-grade ratings after the financing on March 3, 2026?

Yes. Vertiv now holds ratings of Baa3 / BBB- / BBB- from Moody's, S&P and Fitch. According to the company, S&P and Moody's upgraded Vertiv by one notch in February 2026.

What did Vertiv say the March 2026 financing accomplish for liquidity and financial flexibility (VRT)?

Vertiv said the transactions bolster liquidity and provide financial flexibility to support growth strategy. According to the company, the moves complete a key refinancing step and strengthen the debt portfolio.