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Ingersoll Rand offers $1.55 billion of senior notes

June 18, 2013SSN Staff

SWORDS, Ireland—Ingersoll Rand announced this week that it has completed a $1.55 billion debt offering consisting of three tranches, maturing in 2019, 2023 and 2043.Proceeds from the sale will fund expenses related to the company's previously announced spinoff of its commercial and residential security businesses and to redeem the company's current debt. Ingersoll Rand, based here, announced Monday that the new security company—expected to be spun off later this year—will be called...

Allegion, Ingersoll Rand, IR Global