secwatch.observer — SEC 8-K summary
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Issuer:     Allegion plc (ALLE)
CIK:        0001579241
Form:       8-K
Filed at:   2021-11-18T23:59:59+00:00
Accession:  0001193125-21-333834
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Allegion enters $750M credit facility, refinances existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1579241/000119312521333834/0001193125-21-333834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1579241/000119312521333834/d187030d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-333834

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