Allegion upsizes revolving credit facility to $750M, extends maturity to 2029

Allegion plc

New $750M unsecured five-year revolving credit facility replaces the prior $500M facility.
Facility matures May 20, 2029; includes letters of credit and swingline loans in USD, EUR, GBP.
Term loan facility ($221.9M outstanding as of Mar 31, 2024) unchanged, matures Nov 18, 2026.
Interest rate benchmark for term loan changes from BSBY to Term SOFR.
CFO Mike Wagnes: facility supports strong liquidity position and is consistent with business size.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.