Hubbell B Secures New $1 Billion Credit Facility

Hubbell B ( (HUBB) ) has provided an announcement.

On March 25, 2025, Hubbell Incorporated entered into a five-year credit agreement with a syndicate of lenders, including JPMorgan Chase Bank, N.A., to secure a $1.0 billion unsecured revolving credit facility. This agreement, which can be increased to $1.5 billion, is intended for general corporate purposes and includes a $50 million sub-limit for letters of credit. The agreement allows for loans in multiple currencies and includes customary financial covenants and conditions. Concurrently, Hubbell terminated its previous credit agreement from March 12, 2021.

More about Hubbell B

YTD Price Performance: -15.28%

Average Trading Volume: 646,086

Technical Sentiment Signal: Hold

Current Market Cap: $18.94B

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