Ingersoll-Rand Completes $1.5 Billion Senior Notes Offering
04.19.19
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Simpson Thacher represented Ingersoll-Rand plc (NYSE: IR) in connection with a registered offering of $400 million aggregate principal amount of 3.5% Senior Notes due 2026, $750 million aggregate principal amount of 3.8% Senior Notes due 2029 and $350 million aggregate principal amount of 4.5% Senior Notes due 2049. The notes were issued by Ingersoll-Rand Luxembourg Finance S.A., and guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Global Holding Company Limited, Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Company and Ingersoll-Rand Irish Holdings Unlimited Company. Ingersoll-Rand intends to use the net proceeds from the offering to finance the proposed acquisition of Precision Flow Systems. Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as joint lead bookrunning managers of the offering.
Ingersoll-Rand is a diversified, global company that provides products, services and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency.
The Simpson Thacher team included Josh Bonnie, Jon Pacheco and Claire DiMario (Capital Markets – D.C.); Jeanne Annarumma (Executive Compensation and Employee Benefits); and Adeeb Fadil (Environmental).