XYL Completes $1.5 Billion Public Offering of Senior Notes to Fund Acquisition
· The NYC Memo
On September 29, 2026, Xylem Inc. completed a public offering of $1.5 billion aggregate principal amount of senior notes across three tranches with interest rates of 5.250%, 5.450%, and 5.850%. The company intends to use the net proceeds to finance all or a portion of the previously announced acquisition of the Cornell Pump and Roper Pump businesses and for general corporate purposes.
The notes include provisions for special mandatory redemption if the acquisition is not consummated by August 10, 2027.