debt
confidence high
sentiment neutral
materiality 0.50
Allegion issues $400M 5.600% Senior Notes due 2034 to refinance maturing 3.200% notes
Allegion plc
- Issued $400M aggregate principal of 5.600% Senior Notes due May 29, 2034.
- Net proceeds to repay $400M of 3.200% senior notes maturing October 2024.
- Interest paid semi-annually on May 29 and Nov 29; first payment Nov 29, 2024.
- Notes are senior unsecured obligations of Allegion US Holding, guaranteed by Allegion plc.
- Redeemable at make-whole prior to Mar 1, 2034, then at par; change of control put at 101%.