Allegion refinances with $1.2 billion five-year credit facility

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – Allegion plc refinanced its credit facility with a new credit facility providing for $700 million of term loans and $500 million of commitments for revolving loans, according to a press release.

The new credit facility matures on Sept. 12, 2022.

The refinanced facility is unsecured and has investment-grade terms.

A portion of the revolver may be used for letters of credit and swingline loans.

Loans may be incurred in dollars, euros and pounds sterling.

Allegion is based in Carmel, Ind., and has its corporate headquarters in Dublin. It provides security products.

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