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Form 8-K · Current Report · Filed 2024-06-13

Trane Technologies Financing Limited Issues $500 Million Senior Notes

On June 13, 2024, Trane Technologies Financing Limited, a subsidiary of Trane Technologies plc, issued $500 million aggregate principal amount of 5.100% Senior Notes due 2034.

Filer
Ingersoll-Rand Inc. IR · NYSE
Filed
Accession
0001193125-24-160700
CIK
0001699150
Signal
Medium impactIndustrials

Details

The net proceeds from the offering will be used to repay the 3.550% Senior Notes due 2024 and for general corporate purposes. The Notes are senior unsecured obligations and the Issuer may redeem the Notes under certain conditions.

Items reported

Item 2.03

Creation of a Direct Financial Obligation

New Debt Issued
Item 8.01

Other Events

No viable tag
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$94.74

Next session

-3.5%

Since filing

-12.0%

Latest close

$83.38

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from IR reporting the same item, with the next session's move:

Exhibits (6)

About Ingersoll-Rand Inc.

Ingersoll-Rand Inc. is a global diversified industrial company known for designing and manufacturing a wide range of products that optimize energy efficiency and operational reliability. The company's portfolio includes air compressors, pumps, fluid handling systems, and power tools, serving a multitude of industries such as manufacturing, automotive, and construction. Ingersoll-Rand focuses on creating solutions that enhance productivity and sustainability, often integrating advanced technology and innovation in their products. By maintaining a strong emphasis on research and development, the company continues to introduce cutting-edge solutions that meet the evolving needs of its clients. With a robust global presence and extensive distribution network, Ingersoll-Rand plays a pivotal role in providing essential equipment that supports critical infrastructure and industrial operations worldwide. Established with a firm commitment to quality and customer service, the company stands as a leader in its sector, continually influencing market standards and efficiency benchmarks.

Exchange NYSE Industry Specialty Industrial Machinery Company website ↗

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