Xylem raises $1.5 billion through notes to fund Cornell and Roper acquisitions

Xylem completed a $1.5 billion senior notes offering on September 29, 2026, consisting of $500 million due 2029 at 5.250%, $500 million due 2032 at 5.450%, and $500 million due 2037 at 5.850%. The company plans to use the proceeds and cash on hand to fund its acquisitions of Cornell Pump and Roper Pump, related expenses, and general corporate purposes; if the acquisitions are not completed by the applicable deadline, Xylem must redeem the notes at 101% of principal plus accrued interest.