Allegion plc (ALLE): debt financing — Allegion increases revolving credit facility to $1.0B, extends maturity to 2030

Under the First Amendment, among other things, (i) the aggregate revolving commitments under the revolving credit facility (“Revolving Facility”) will be increased from $750.0 million to $1.0 billion, (ii) the maturity date of the Revolving Facility will be extended from May 20, 2029 to May 20, 2030 and (iii) subject to the satisfaction of certain conditions, the Company may request, at any time, an increase of the aggregate amount available under the Revolving Facility of up to an additional $500.0 million.

Upon closing, the Company borrowed $197.2 million under the Revolving Facility to repay its outstanding term loan, which previously had a maturity date of November 16, 2026.

On December 9, 2025, Allegion plc (the “Company”) entered into the First Amendment to Credit Agreement (the “First Amendment”), dated as of December 9, 2025, by and among the Company, Allegion US Holding Company Inc. (“Allegion US Holding”) and Allegion (Ireland) Finance Designated Activity Company (“Allegion Finance”), as borrowers, Bank of America, N.A. (“BofA”), as administrative agent, and the lenders and issuers from time to time party thereto, which amends that certain Amended and Restated Credit Agreement, dated as of May 20, 2024, by and among the Company, Allegion US Holding and Allegion Finance, as borrowers, BofA, as administrative agent, and the lenders and issuers from time to time party thereto.