debt
confidence high
sentiment neutral
materiality 0.50
Ingersoll Rand subsidiary prepays $400M in Series A term loans, eliminating entire balance
Ingersoll Rand Inc.
- Gardner Denver prepaid approx. $400M aggregate principal plus accrued interest on Series A term loans on Sept 30, 2021.
- Prepayment covered the entire outstanding balance of the Series A term loans, eliminating that debt.
- Loans originally drawn for general corporate purposes and to provide liquidity amid COVID-19 pandemic.
- Prepayment made by Gardner Denver, Inc., a subsidiary of Ingersoll Rand Inc.