Allegion issues $600M of 5.411% senior notes due 2032 to fund Stanley Access acquisition

Allegion plc

$600M aggregate principal of 5.411% Senior Notes due 2032 issued; interest paid semi-annually.
Net proceeds, plus cash and revolver borrowings, to finance acquisition of Stanley Access Technologies from Stanley Black & Decker (expected Q3 2022).
Notes are senior unsecured obligations of Allegion US Holding Company Inc., guaranteed by Allegion plc.
Matures July 1, 2032; redeemable at make-whole prior to April 1, 2032, then at par.
If acquisition fails to close, proceeds used for general corporate purposes including debt repayment.

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