Business
Vertiv Announces Completion of $2.1 Billion Senior Unsecured Bond Offering and $2.5 Billion Senior Unsecured Revolving Credit Facility
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).
About this update from Vertiv Holdings, Llc
[{"type":"text","content":"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).","length":410,"tagName":"p"},{"type":"image","alt":"Vertiv logo (PRNewsfoto/Vertiv Corporation)","displaySize":"","headline":null,"caption":"Vertiv logo (PRNewsfoto/Vertiv Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/cfee9cd798d811542087ed1c79bd1ae6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bEXdpe_3SXtRfKu5RBA7eQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/cfee9cd798d811542087ed1c79bd1ae6","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2660251/Vertiv_Corporation_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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.","length":526,"tagName":"p"},{"type":"text","content":"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.","length":556,"tagName":"p"},{"type":"text","content":"On February 12, 2026 and February 1...