debt
confidence high
sentiment neutral
materiality 0.50
Allegion increases revolving credit facility to $1.0B, extends maturity to 2030
Allegion plc
- Revolving commitments raised from $750M to $1.0B; maturity extended to May 20, 2030.
- Borrowed $197.2M under revolver to repay outstanding term loan (matured Nov 16, 2026); total debt unchanged.
- Amendment includes removal of TD Bank N.A. and Wells Fargo as lenders; assignments to other banks.
- Option to request additional $500M increase subject to conditions.
item 1.01item 2.03item 9.01