Xylem Prices $1.5B Three-Tranche Senior Notes Offering to Fund $1.46B Acquisition
XYL is trading near its 52-week low of $105.29 (2.0% above the low).
Summary
Xylem priced $1.5 billion in senior notes across three maturities to fund its $1.46 billion acquisition of Cornell Pump and Roper Pump, with a special mandatory redemption if the deal fails to close.
Key Events · Financing and Capital Events · XYL
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$1.5B Senior Notes Priced
Three tranches: $500M 5.250% due 2029, $500M 5.450% due 2032, and $500M 5.850% due 2037, all priced near par.
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Acquisition Financing
Net proceeds will fund the $1.46 billion acquisition of Cornell Pump and Roper Pump from Indicor, announced August 11, 2026.
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Special Mandatory Redemption
Notes redeemable at 101% of principal if the acquisition does not close by August 10, 2027 or the purchase agreement is terminated.
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Investment-Grade Ratings
Notes rated Baa2 by Moody's and BBB by S&P, reflecting Xylem's strong credit profile.
Analysis · XYL · Technology
Xylem finalized terms on a $1.5 billion senior notes offering across three tranches — $500M due 2029 at 5.250%, $500M due 2032 at 5.450%, and $500M due 2037 at 5.850%. The notes carry investment-grade ratings (Baa2/BBB) and include a special mandatory redemption feature requiring repayment at 101% if the $1.46 billion Cornell Pump and Roper Pump acquisition does not close by August 10, 2027. The pricing is consistent with the company's strong credit profile and provides certainty on the financing cost for the acquisition announced in August.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.5% of the 1629 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.59%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, XYL was trading at $107.40 on NYSE in the Technology sector, with a market capitalization of approximately $25.1B. The 52-week trading range was $105.29 to $154.27. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.