Simpson Thacher recently represented Ingersoll Rand Inc. (“Ingersoll Rand”) in connection with its $3.3 billion of senior unsecured notes split across 5 tranches (3-year, 5-year, 7-year, 10-year, and 30-year) issued pursuant to a registered public offering and a new $2.6 billion senior unsecured revolving credit facility to replace its existing senior secured revolving credit facility. A portion of the net proceeds from the notes offering were used to repay in full and terminate Ingersoll Rand’s existing senior secured credit facilities, $2.0 billion will be used to partially fund the cash consideration for Ingersoll Rand’s previously announced ILC Dover acquisition, and the remainder of the net proceeds will be used for general corporate purposes.
Ingersoll Rand, driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for its employees, customers, shareholders, and planet. Customers lean on Ingersoll Rand for exceptional performance and durability in mission-critical flow creation and industrial solutions. Supported by over 80+ respected brands, Ingersoll Rand’s products and services excel in the most complex and harsh conditions. Ingersoll Rand’s employees develop customers for life through their daily commitment to expertise, productivity, and efficiency.
The Simpson Thacher team included Richard Fenyes, Richie Ragusa, Nate Yang and Sally Jo (Capital Markets); Matthew Farrell, Dennis Durkin, Taylor Nefussy, Nicolle Heagney and Angelica Varona (Banking & Credit); Jon Cantor and Mohanad Salaimi (Tax); Courtney Welshimer, Bobbie Burrows, Alysha Sekhon, Paige Brinton and Ziang Zhou (Intellectual Property); Jon Pall (Collateral); and Tristan Brown, Jeanne Annarumma and Ryan Stott (Executive Compensation and Employee Benefits).