Trane Tech subsidiaries file plan of reorganization to resolve asbestos claims; propose $270M trust

Trane Technologies plc

Aldrich Pump & Murray Boiler file Chapter 11 plan creating a section 524(g) trust to resolve all current & future asbestos claims.
Plan supported by legal representative of future asbestos claimants; committee of current claimants (ACC) is not a party.
Motion seeks court approval to establish a $270M qualified settlement fund (QSF) to fund the 524(g) trust, expected funding by Jan 31, 2022.
Approval by bankruptcy court is required; no assurance of approval on proposed terms.

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