News & Events

The Firm represented Ingersoll-Rand plc (NYSE: IR) in connection with its Rule 144A and Regulation S offering of $350 million aggregate principal amount of 2.875% Senior Notes due 2019, $700 million aggregate principal amount of 4.250% Senior Notes due 2023 and $500 million aggregate principal amount of 5.750% Senior Notes due 2043. The notes were issued by Ingersoll-Rand Global Holding Company Limited and guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Limited Company and Ingersoll-Rand International Holding Limited. BofA Merrill Lynch, Citigroup, Goldman, Sachs & Co. and J.P. Morgan acted as joint lead bookrunning managers of the offering.

Ingersoll Rand is using the net proceeds from the offering to fund the redemption of its $600 million aggregate principal amount of 6.00% Senior Notes due 2013 and $655 million aggregate principal amount of 9.50% Senior Notes due 2014 and to fund expenses related to its previously announced spin-off of its commercial and residential security businesses. Any remaining proceeds will be used for general corporate purposes.

Ingersoll Rand is a world leader in creating comfortable, sustainable and efficient environments through its industrial, transport refrigeration, and heating, ventilation and air conditioning (HVAC) businesses.

The Simpson Thacher team included Josh Bonnie, Andy Keller, Justin Cooke and Tony Rim (Capital Markets); Jeanne Annarumma (Executive Compensation and Employee Benefits); Devin Heckman (Tax); and Adeeb Fadil (Environmental).