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Vertiv Closes Offering of Senior Notes, Enters New Credit Facility

BY MT Newswires | CORPORATE | 05:26 PM EST

05:26 PM EST, 03/03/2026 (MT Newswires) -- Vertiv (VRT) said late Tuesday it closed an offering of $2.1 billion of senior unsecured notes as well as entered a new $2.5 billion senior unsecured revolving credit facility.

Net proceeds from the offering of $2.08 billion were used with cash on hand to repay outstandings under the company's secured term loan and cover related overheads, according to a statement.

The company's new credit revolver has a five-year maturity and replaced its prior $800 million asset-based credit facility, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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