secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2024-05-10T23:59:59+00:00
Accession:  0001140361-24-025480
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 1.02, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ingersoll Rand completes $3.3B bond offering, $2.6B revolver, upgraded to BBB/Baa2 by all three agencies
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- Issued $3.3B senior unsecured notes across five tranches (2027-2054) with coupons from 5.176% to 5.700%.
- Net proceeds $3.276B: $1.236B to repay secured term loans, $2B to fund ILC Dover acquisition, remainder general corporate.
- New $2.6B senior unsecured revolving credit facility with 5-year maturity, replacing secured credit facilities.
- Upgraded one notch by S&P, Fitch, Moody's to BBB/BBB/Baa2; debt portfolio now fully unsecured investment grade.
- CFO cites investor enthusiasm and transformation to fully unsecured capital structure.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/0001140361-24-025480-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000114036124025480/ny20028300x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-025480

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