Hubbell announced on Friday that it has priced a $400 million senior notes offering with a 4.80% coupon, maturing in 2035. The notes are expected to close on November 14, 2025 and are being issued under a shelf registration statement on Form S‑3.
The proceeds will be used to redeem the company’s outstanding $400 million 3.350% senior notes due March 1, 2026, including the payment of any premium and accrued interest. The refinancing replaces a near‑maturity debt load and improves Hubbell’s liquidity profile while maintaining a low‑cost capital base.
The offering is being book‑run by BofA Securities, HSBC Securities (USA) and J.P. Morgan Securities, and reflects Hubbell’s disciplined capital deployment strategy. With 2024 revenues of $5.6 billion, the company is positioning itself to support ongoing growth in utility and electrical solutions while managing its debt maturity schedule.
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