Pentair Amends Credit Agreement, Adds New Term Loan
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An announcement from Pentair ( (PNR) ) is now available.
On May 5, 2026, Pentair and its key financing subsidiaries amended their existing credit agreement to add a new $500 million term loan facility, which was used to refinance and fully prepay a prior loan agreement dated March 24, 2022. As of the closing date, the company had $500 million of term loans and $628.6 million drawn on a $900 million revolving facility, both maturing in 2030 with interest based on benchmark rates plus a margin tied to leverage or credit ratings.
The senior credit facilities, guaranteed by Pentair, include scheduled amortization of the term loan beginning June 30, 2027, and allow voluntary prepayments without penalty, subject to customary conditions. They also impose financial covenants on leverage and interest coverage ratios, alongside restrictions on liens, mergers, acquisitions and subsidiary debt, with customary default provisions that could accelerate repayment and terminate lending commitments if breached.
The most recent analyst rating on (PNR) stock is a Hold with a $92.00 price target. To see the full list of analyst forecasts on Pentair stock, see the PNR Stock Forecast page.
Spark’s Take on PNR Stock
According to Spark, TipRanks’ AI Analyst, PNR is a Neutral.
The score is supported primarily by strong underlying profitability and a constructive earnings outlook (margin expansion, productivity, and shareholder returns). These positives are tempered by weak technicals (price below key moving averages with negative momentum) and only moderate valuation support, with additional near-term risks tied to Pool channel dynamics and cash flow/debt trends.
To see Spark’s full report on PNR stock, click here.
More about Pentair
Pentair plc operates through subsidiaries including Pentair Finance S.à r.l. and Pentair, Inc., and utilizes credit agreements and loan facilities to manage its corporate financing needs. The company’s capital structure relies on term loans and revolving credit facilities that are guaranteed at the parent level, with pricing tied to leverage and public credit ratings.
Average Trading Volume: 1,699,899
Technical Sentiment Signal: Sell
Current Market Cap: $12.46B
See more insights into PNR stock on TipRanks’ Stock Analysis page.
