Hubbell Secures $1 Billion Credit Facility
Deal News | Mar 25, 2025 | Wachtell, Lipton, Rosen & Katz
Hubbell Incorporated has secured a $1 billion senior unsecured revolving credit facility. This five-year credit agreement, activated on March 25, 2025, involves a syndicate of lenders with JPMorgan Chase Bank, N.A., serving as the administrative agent. The firm was advised by law firm Wachtell, Lipton, Rosen & Katz. This strategic financial maneuver is expected to enhance Hubbell's liquidity position, providing the company with greater financial flexibility to support its ongoing operations and potential growth initiatives.
Sectors
- Corporate Finance
- Legal Services
Geography
- United States – Hubbell Incorporated and JPMorgan Chase Bank, N.A., are both based in the United States, indicating the location and jurisdiction of the credit agreement.
Industry
- Corporate Finance – The article discusses a major financial transaction involving the arrangement of a credit facility.
- Legal Services – The involvement of Wachtell, Lipton, Rosen & Katz highlights the legal services sector as they advised Hubbell on this transaction.
Financials
- $1 billion – The total value of the senior unsecured revolving credit facility arranged for Hubbell Incorporated.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hubbell Incorporated | Borrower | Company | Hubbell is the company securing the $1 billion credit facility. |
| JPMorgan Chase Bank, N.A. | Administrative Agent | Company | JPMorgan Chase Bank, N.A., serves as the administrative agent for the credit facility. |
| Wachtell, Lipton, Rosen & Katz | Legal Advisor | Company | Provided legal advisory services to Hubbell Incorporated for the credit agreement. |