<SEC-DOCUMENT>0001104659-23-048994.txt : 20230424
<SEC-HEADER>0001104659-23-048994.hdr.sgml : 20230424
<ACCEPTANCE-DATETIME>20230424161707
ACCESSION NUMBER:		0001104659-23-048994
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230424
DATE AS OF CHANGE:		20230424

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			nVent Electric plc
		CENTRAL INDEX KEY:			0001720635
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
		IRS NUMBER:				981391970
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-260579
		FILM NUMBER:		23840309

	BUSINESS ADDRESS:	
		STREET 1:		THE MILLE
		STREET 2:		1000  GREAT WEST ROAD, 8TH FLOOR (EAST)
		CITY:			LONDON
		STATE:			X0
		ZIP:			TW8 9DW
		BUSINESS PHONE:		763-204-7700

	MAIL ADDRESS:	
		STREET 1:		C/O NVENT MANAGEMENT COMPANY
		STREET 2:		1665 UTICA AVE., SUITE 700
		CITY:			ST. LOUIS PARK
		STATE:			MN
		ZIP:			55416

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			nVent Electric plc
		CENTRAL INDEX KEY:			0001720635
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY) [3550]
		IRS NUMBER:				981391970
		STATE OF INCORPORATION:			L2
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		THE MILLE
		STREET 2:		1000  GREAT WEST ROAD, 8TH FLOOR (EAST)
		CITY:			LONDON
		STATE:			X0
		ZIP:			TW8 9DW
		BUSINESS PHONE:		763-204-7700

	MAIL ADDRESS:	
		STREET 1:		C/O NVENT MANAGEMENT COMPANY
		STREET 2:		1665 UTICA AVE., SUITE 700
		CITY:			ST. LOUIS PARK
		STATE:			MN
		ZIP:			55416
</SEC-HEADER>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Filed Pursuant to Rule 433<BR>
Registration Statement No. 333-260579 and 333-260579-01<BR>
April 24, 2023</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">nVent Finance S.&agrave; r.l.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Pricing Term Sheet</U>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 56%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Issuer:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">nVent Finance S.&agrave; r.l.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Guarantor:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">nVent Electric plc</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Offering Format:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">SEC Registered</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Security:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">5.650% Senior Notes due 2033 (the &ldquo;Notes&rdquo;)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Size:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">$500,000,000</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Maturity:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">May 15, 2033</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Coupon:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">5.650%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Price to Public:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">99.717% of face amount</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Yield to Maturity:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">5.687%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Spread to Benchmark Treasury:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">+218 basis points</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Benchmark Treasury:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">3.500% due February 15, 2033</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Benchmark Treasury Price and Yield:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">99-30/ 3.507%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Interest Payment Dates: </B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">May 15 and November 15, commencing November 15, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Redemption Provisions:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in"><B>Make-Whole Call:</B></P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">At any time prior to par call date at a discount rate of Treasury plus
    +35 basis points</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-size: 10pt"><B>Par Call:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">At any time on or after February 15, 2033 (the date that is three months prior to the maturity date)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-size: 10pt"><B>Tax Call:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">At any time at par if certain events occur involving changes in taxation</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.25in"><FONT STYLE="font-size: 10pt"><B>Special Mandatory Redemption:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">If (i)&nbsp;the consummation of the ECM Industries acquisition (as defined in the preliminary prospectus supplement) does not occur on or prior to September 28, 2023 (or such later date on or before November 27, 2023 as extended by the parties to the Merger Agreement (as defined in the preliminary prospectus supplement) pursuant to the terms and conditions set forth therein, the &ldquo;Outside Date&rdquo;), (ii) the Issuer notifies the Trustee (as defined in the preliminary prospectus supplement) and the holders of the Notes that in its reasonable judgment the ECM Industries acquisition will not be consummated on or prior to the Outside Date or (iii) the Merger Agreement has been terminated without the consummation of the ECM Industries acquisition, then the Issuer will be required to redeem all of the Notes at a redemption price equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the date of redemption</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Change of Control:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Put at 101% of the principal amount of the notes, plus accrued and unpaid interest</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Trade Date:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">April 24, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Settlement Date*:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">May 3, 2023 (T+7)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Ratings**:</B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BBB- (S&amp;P)</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BBB (Fitch)</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>CUSIP:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">67078AAF0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>ISIN:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">US67078AAF03</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Minimum Denomination:</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">$2,000 and integral multiples of $1,000 in excess thereof</FONT></TD></TR>
  </TABLE>



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    <TD STYLE="width: 44%"><FONT STYLE="font-size: 10pt"><B>Joint Book-Running Managers:</B></FONT></TD>
    <TD STYLE="width: 56%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">J.P. Morgan Securities LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BofA Securities, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citigroup Global Markets Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">MUFG Securities Americas Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">U.S. Bancorp Investments, Inc.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt"><B>Co-Managers:</B></FONT></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Goldman Sachs &amp; Co. LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Loop Capital Markets LLC<BR>
    PNC Capital Markets LLC<BR>
    Wells Fargo Securities, LLC</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BMO Capital Markets Corp.</P></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>The issuer and the guarantor have filed a registration statement
(including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus
in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer, the
guarantor and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively,
the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling
J.P. Morgan Securities LLC collect at (212) 834-4533, BofA Securities, Inc. toll-free at (800) 294-1322 or emailing at dg.prospectus_requests@bofa.com
or calling Citigroup Global Markets Inc. toll-free at (800) 831-9146 or emailing at prospectus@citi.com.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>*The underwriters expect to deliver the notes against payment for
the notes on or about May 3, 2023, which will be the seventh business day following the date of the pricing of the notes. Since trades
in the secondary market generally settle in two business days, purchasers who wish to trade notes prior to the date that is the second
business day before delivery of the notes will be required, by virtue of the fact that the notes initially will settle in T+7, to specify
alternative settlement arrangements to prevent a failed settlement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>**Note: A securities rating is not a recommendation to buy, sell
or hold securities and may be subject to revision or withdrawal at any time.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Any legends, disclaimers or other notices that may appear below
are not applicable to this communication and should be disregarded. Such legends, disclaimers or other notices have been automatically
generated as a result of this communication having been sent via Bloomberg or another e-mail system.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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