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
- Source
- Official filing on sec.gov ↗
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
Creation of a Direct Financial Obligation
Other Events
Financial Statements and Exhibits
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.
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