Trane Technologies issues $700M of 5.250% Senior Notes due 2033 to refinance maturing 4.250% notes

Trane Technologies plc

Issued $700M aggregate principal of 5.250% Senior Notes due 2033.
Net proceeds to redeem $700M of 4.250% Senior Notes due 2023.
Notes are senior unsecured, rank equally with existing senior unsecured debt.
Interest payable semi-annually on March 3 and September 3, beginning Sept 3, 2023.
Notes mature March 3, 2033; callable at make-whole prior to Dec 3, 2032, then at par.

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