nVent Electric (NYSE: NVT) sets up mixed shelf for debt and equity
nVent Electric plc and its subsidiaries nVent Finance S.à r.l. and Hoffman Schroff Holdings, Inc. have filed an automatic shelf registration statement to allow future offerings of various debt and equity securities. The new shelf replaces a prior Form S-3 that was scheduled to expire on July 15, 2027 under SEC Rule 415(a)(6).
The shelf covers senior debt securities, ordinary and preferred shares, depositary shares, purchase contracts, warrants, units and related guarantees, which may be issued separately or in combinations. Selling shareholders named in future supplements may also resell ordinary shares, and nVent will not receive proceeds from those shareholder sales. Unless a supplement states otherwise, any primary issuance proceeds will be used for general corporate purposes, such as debt repayment, acquisitions, working capital, share repurchases, capital expenditures and investments in subsidiaries.
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SECURITIES AND EXCHANGE COMMISSION
UNDER
THE SECURITIES ACT OF 1933
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Ireland
(State or other jurisdiction of
incorporation or organization) |
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98-1391970
(I.R.S. Employer
Identification Number) |
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London, TW8 9DW
United Kingdom
+44-20-3966-0279
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
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Luxembourg
(State or other jurisdiction of
incorporation or organization) |
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98-1398273
(I.R.S. Employer
Identification Number) |
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L-2449 Luxembourg
Grand Duchy of Luxembourg
+352-691-464-015
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
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Delaware
(State or other jurisdiction of
incorporation or organization) |
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20-3634492
(I.R.S. Employer
Identification Number) |
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St. Louis Park, Minnesota 55416
(763) 204-7700
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Jon D. Lammers
Executive Vice President, General Counsel and Secretary nVent Management Company 1665 Utica Avenue, Suite 700 St. Louis Park, Minnesota 55416 (763) 204-7700
(Name, address, including zip code, and telephone number,
including area code, of agent for service) |
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John K. Wilson
Foley & Lardner LLP 777 East Wisconsin Avenue Milwaukee, Wisconsin 53202 (414) 271-2400 |
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Large accelerated filer
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Accelerated filer
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Non-accelerated filer
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Smaller reporting company
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Emerging growth company
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NVENT FINANCE S.À R.L.
HOFFMAN SCHROFF HOLDINGS, INC.
Ordinary Shares
Preferred Shares
Depositary Shares
Purchase Contracts
Warrants
Units
Guarantees of Debt Securities
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About This Prospectus
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Forward-Looking Statements
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Risk Factors
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Where You Can Find More Information
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About the Issuers
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Use of Proceeds
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Description of Debt Securities and Guarantees of Debt Securities
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Description of Ordinary Shares
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Description of Preferred Shares
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| | | | 36 | | |
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Description of Depositary Shares
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| | | | 37 | | |
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Description of Purchase Contracts
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| | | | 38 | | |
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Description of Warrants
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| | | | 39 | | |
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Description of Units
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| | | | 40 | | |
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Selling Shareholders
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| | | | 41 | | |
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Plan of Distribution
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| | | | 42 | | |
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Enforcement of Civil Liabilities
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| | | | 44 | | |
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Legal Matters
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| | | | 46 | | |
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Experts
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1665 Utica Avenue, Suite 700
St. Louis Park, Minnesota 55416
Attention: Corporate Secretary
(763) 204-7700
AND GUARANTEES OF DEBT SECURITIES
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Securities and Exchange Commission Registration Fee
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| | | $ | (1) | | |
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Printing Expenses
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Legal Fees and Expenses
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Accounting Fees and Expenses
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| | | $ | (2) | | |
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Transfer Agent Fees and Expenses
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| | | $ | (2) | | |
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Rating Agency Fees
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| | | $ | (2) | | |
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Trustee’s and Depositary’s Fees and Expenses
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| | | $ | (2) | | |
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Miscellaneous
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Total
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Exhibit
Number |
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Document Description
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| | 1 | | | Form of Underwriting Agreement.* | |
| | 4.1 | | | Amended and Restated Memorandum and Articles of Association of nVent Electric plc (incorporated by reference to Exhibit 4.1 to Post-Effective Amendment No. 1 to the Registration Statement on Form S-8 of nVent Electric plc filed with the Commission on December 31, 2018 (File No. 333-224555)). | |
| | 4.2 | | | Indenture, dated as of March 26, 2018, among nVent Finance S.à r.l., nVent Electric plc, Pentair plc, Pentair Investments Switzerland GmbH and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.1 to Amendment No. 4 to the Registration Statement on Form 10 of nVent Electric plc filed with the Commission on March 26, 2018 (File No. 001-38265)). | |
| | 4.3 | | | Second Supplemental Indenture, dated as of March 26, 2018, among nVent Finance S.à r.l., nVent Electric plc, Pentair plc, Pentair Investments Switzerland GmbH and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.3 to Amendment No. 4 to the Registration Statement on Form 10 of nVent Electric plc filed with the Commission on March 26, 2018 (File No. 001-38265)). | |
| | 4.4 | | | Third Supplemental Indenture, dated as of April 30, 2018, among nVent Finance S.à r.l., nVent Electric plc and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.1 in the Current Report on Form 8-K of nVent Electric plc filed with the Commission on April 30, 2018 (File No. 001-38265)). | |
| | 4.5 | | | Fourth Supplemental Indenture, dated as of November 23, 2021, among nVent Finance S.à r.l., nVent Electric plc and U.S. Bank Trust Company, National Association (as successor to U.S. Bank National Association), as trustee (incorporated by reference to Exhibit 4.3 in the Current Report on Form 8-K of nVent Electric plc filed with the Commission on November 23, 2021 (File No. 001-38265)). | |
| | 4.6 | | | Fifth Supplemental Indenture, dated as of May 3, 2023, among nVent Finance S.à r.l., nVent Electric plc, and U.S. Bank Trust Company, National Association (incorporated by reference to Exhibit 4.3 in the Current Report on Form 8-K of nVent Electric plc filed with the Commission on May 3, 2023 (File No. 001-38265)). | |
| | 4.7 | | | Sixth Supplemental Indenture, dated as of February 16, 2026, among nVent Finance S.à r.l., nVent Electric plc, Hoffman Schroff Holdings, Inc., and U.S. Bank Trust Company, National Association (incorporated by reference to Exhibit 4.2 in the Current Report on Form 8-K of nVent Electric plc filed with the Commission on February 17, 2026 (File No. 001-38265)). | |
| | 4.8 | | | Form of Indenture among Hoffman Schroff Holdings, Inc., nVent Electric plc, nVent Finance S.à r.l. and U.S. Bank Trust Company, National Association, as trustee. | |
| | 4.9 | | | Form of Global Senior Note.* | |
| | 4.10 | | | Form of Global Senior Convertible Note.* | |
| | 4.11 | | | Form of Warrant.* | |
| | 4.12 | | | Form of Warrant Agreement.* | |
| | 4.13 | | | Form of Purchase Contract Agreement.* | |
| | 4.14 | | | Form of Unit Agreement.* | |
| | 4.15 | | | Form of Unit Certificate.* | |
| | 5.1 | | | Opinion of Foley & Lardner LLP. | |
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5.2
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| | Opinion of Allen Overy Shearman Sterling, société en commandite simple (inscrite au barreau de Luxembourg). | |
| | 5.3 | | | Opinion of Arthur Cox LLP. | |
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Exhibit
Number |
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Document Description
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| | 23.1 | | |
Consent of Deloitte & Touche LLP.
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| | 23.2 | | |
Consent of Foley & Lardner LLP (included in Exhibit 5.1).
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23.3
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| | Consent of Allen Overy Shearman Sterling, société en commandite simple (inscrite au barreau de Luxembourg) (included in Exhibit 5.2). | |
| | 23.4 | | |
Consent of Arthur Cox LLP (included in Exhibit 5.3).
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| | 24.1 | | |
Powers of Attorney of Directors of nVent Electric plc.
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| | 24.2 | | |
Powers of Attorney of Directors of nVent Finance S.à r.l. (included on the signature page hereto).
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| | 24.3 | | |
Powers of Attorney of Directors of Hoffman Schroff Holdings, Inc. (included on the signature page hereto).
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| | 25.1 | | |
Form T-1 Statement of Eligibility of Trustee under the nVent Finance Indenture.
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| | 25.2 | | | Form T-1 Statement of Eligibility of Trustee under the Hoffman Schroff Indenture.** | |
| | 107 | | |
Filing Fee Table
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Executive Vice President and Chief Financial Officer
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SIGNATURE
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TITLE
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/s/ Beth A. Wozniak
Beth A. Wozniak
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Chair and Chief Executive Officer
(Principal Executive Officer) |
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/s/ Gary L. Corona
Gary L. Corona
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Executive Vice President and Chief Financial Officer
(Principal Financial Officer) |
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/s/ Randolph A. Wacker
Randolph A. Wacker
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Senior Vice President, Chief Accounting Officer and Treasurer (Principal Accounting Officer and Authorized Representative in
the United States) |
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*
Sherry A. Aaholm
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| | Director | |
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*
Jerry W. Burris
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| | Director | |
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*
Susan M. Cameron
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| | Director | |
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*
Michael L. Ducker
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| | Director | |
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*
Diane Leopold
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| | Director | |
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*
Danita K. Ostling
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| | Director | |
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*
Nicola Palmer
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| | Director | |
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SIGNATURE
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TITLE
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*
Herbert K. Parker
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| | Director | |
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*
Greg Scheu
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| | Director | |
| | *By | | |
/s/ Gary L. Corona
Gary L. Corona
Attorney-in-fact |
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Manager
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SIGNATURE
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TITLE
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/s/ Brett Boutwell
Brett Boutwell
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| | Manager | |
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/s/ Benjamin Peric
Benjamin Peric
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| | Manager | |
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/s/ Nicholas Procopenko
Nicholas Procopenko
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| | Manager | |
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/s/ Olena Prokopenko
Olena Prokopenko
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| | Manager | |
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/s/ Randolph A. Wacker
Randolph A. Wacker
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Manager (Principal Executive Officer, Principal Financial and Accounting Officer and Authorized Representative in
the United Stated) |
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President and Treasurer
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SIGNATURE
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TITLE
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/s/ Randolph A. Wacker
Randolph A. Wacker
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President and Treasurer and Director
(Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) |
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/s/ Jon D. Lammers
Jon D. Lammers
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| | Director | |