Ingersoll Rand plans to price two-part offering of senior notes

By Marisa Wong

Los Angeles, Aug. 7 – Ingersoll Rand Inc. is offering fixed-rate senior notes in two tranches, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call option until some months prior to maturity, followed by a par call option.

The notes will also be putable at 101 if a change-of-control triggering event occurs.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Mizuho Securities USA LLC, HSBC Securities (USA) Inc., Deutsche Bank Securities Inc. and TD Securities (USA) LLC are the joint bookrunners.

Barclays, ING Financial Markets LLC, RBC Capital Markets, LLC and U.S. Bancorp Investments, Inc. are the co-managers.

Deutsche Bank Trust Co. Americas is the trustee.

Simpson Thacher & Bartlett LLP will act as counsel for the issuer.

Proceeds will be used to repay a portion of the amounts outstanding under the company’s senior secured credit facilities.

Based in Davidson, N.C., Ingersoll Rand produces mission-critical air, fluid, energy and medical technologies.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.