Ingersoll Rand Completes Revolver Credit Facility Upsize
04.27.23
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Simpson Thacher recently represented Ingersoll Rand Inc. (NYSE: IR) (“Ingersoll Rand”) and certain of its subsidiaries in connection with an incremental amendment to its existing credit agreement that (i) extended the maturity date of the revolving credit commitments and (ii) increased the revolving credit commitments to an aggregate principal amount to $2 billion.
Ingersoll Rand is a global provider of mission-critical flow creation and industrial solutions, which it sells across multiple attractive end-markets within the industrial, energy and medical industries.
The Simpson Thacher team for this transaction included Matthew Farrell and Taylor Nefussy (Banking and Credit); and Richard Fenyes and Arielle Katzman (Capital Markets).