Allegion enters $750M credit facility, refinances existing debt

Allegion plc

New $750M unsecured credit facility: $250M term loan and $500M revolver, five-year maturity.
Term loan amortizes quarterly: 5% yrs 1-3, 10% yr 4, balance at maturity.
Revolving facility includes $100M letter of credit sublimit, $50M swingline.
Interest rates: BSBY rate plus spread 0.875%-1.375% based on credit ratings.
Existing credit agreement terminated, all obligations satisfied.

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