Vertiv Group Company Announces Completion of Non-public Giving of $850 Million of Senior Secured Notes thanks 2028

COLUMBUS, Ohio–(Organization WIRE)–Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global supplier of critical digital infrastructure and continuity answers, today introduced that a subsidiary, Vertiv Team Corporation (the “Issuer”), efficiently concluded its beforehand announced offering (the “Offering”) of $850 million combination principal total of its 4.125% Senior Secured Notes owing 2028 (the “Notes”).

The Issuer intends to use the internet proceeds from the providing, alongside one another with hard cash on hand, to finance the hard cash portion of the obtain selling price of Vertiv’s pending acquisition of E&I Engineering Ireland Constrained and its affiliate, Powerbar Gulf LLC (collectively, “E&I”), and to pay out service fees and charges connected to the E&I acquisition and the presenting.

The Notes have not been and will not be registered below the Securities Act of 1933, as amended (the “Securities Act”), or any condition securities rules. The Notes may possibly not be offered or bought inside the United States except pursuant to an exemption from, or in a transaction not topic to, the registration specifications of the Securities Act and relevant point out securities rules.

This press launch does not constitute an provide to provide or the solicitation of an supply to invest in any securities in any jurisdiction in which this kind of an provide, solicitation or sale would be illegal.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) provides with each other hardware, computer software, analytics and ongoing expert services to be certain its customers’ very important apps run consistently, accomplish optimally and develop with their company wants. Vertiv solves the most important difficulties going through today’s data facilities, conversation networks and industrial and industrial facilities with a portfolio of ability, cooling and IT infrastructure answers and providers that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, Usa, Vertiv employs close to 20,000 persons and does organization in more than 130 nations around the world. For a lot more information and facts, and for the latest news and articles from Vertiv, check out Vertiv.com.

Category: Monetary News

About the E&I Engineering Group

The E&I Engineering team is a worldwide supplier of electrical switchgear and electrical power distribution answers with a established monitor record for good quality, complex abilities and shopper provider. With manufacturing amenities in Ireland, United states and United Arab Emirates, E&I can structure, produce and install on a world-wide scale. E&I is globally regarded as a leader in the electricity distribution industry. An considerable products variety, expert technological products and services and a resolute concentrate on shopper assistance delivers an unparalleled provider that provides peace of brain for all prospects. All of its merchandise are created in-property guaranteeing that all are of the necessary specification and are commercially feasible and suit for purpose.

Cautionary Note About Ahead-Seeking Statements

This news release, and other statements that Vertiv may possibly make in connection therewith, may well incorporate ahead-on the lookout statements in the that means of the Non-public Securities Litigation Reform Act. This contains, without limitation, statements pertaining to the monetary placement, funds construction, indebtedness, business enterprise technique and designs and objectives of Vertiv administration for potential operations, as nicely as statements pertaining to growth, expected desire for our goods and expert services and our organization prospects in the course of 2021, as effectively as envisioned price price savings and synergies affiliated with the Acquisition. These statements represent projections, forecasts and ahead-searching statements, and are not guarantees of overall performance. Vertiv cautions that ahead-hunting statements are subject to numerous assumptions, threats and uncertainties, which transform in excess of time. Words and phrases this sort of as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” and equivalent expressions may recognize forward-on the lookout statements. Vertiv undertakes no obligation to update or revise any ahead-wanting statements, no matter whether as a result of new details, long run gatherings or otherwise, besides as may perhaps be necessary below relevant securities laws.

The forward-hunting statements contained or incorporated by reference in this presentation are primarily based on present-day anticipations and beliefs concerning foreseeable future developments and their possible effects on Vertiv. There can be no assurance that upcoming developments influencing Vertiv will be these that Vertiv has anticipated. Need to just one or much more of these pitfalls or uncertainties materialize, or must any of the assumptions demonstrate incorrect, genuine effects could differ in materials respects from individuals projected in these forward-searching statements. Vertiv has beforehand disclosed hazard factors in its Securities and Exchange Commission reports. These hazard things and all those in the preliminary featuring memorandum associated to the Notes, among the some others, could result in precise success to differ materially from historic functionality.