Ingersoll-Rand Global plans to offer notes in three tranches

By Devika Patel

Knoxville, Tenn., Feb. 13 – Ingersoll-Rand Global Holding Co. Ltd. is expected to price fixed-rate senior notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are guaranteed by Ingersoll-Rand plc, Ingersoll-Rand Luxembourg Finance SA, Ingersoll-Rand Lux International Holding Co Sarl, Ingersoll-Rand Irish Holdings Unlimited Co. and Ingersoll-Rand Co.

The first tranche of notes has a make-whole call. The two remaining tranches of notes feature a make-whole call and then a par call.

BofA Merrill Lynch, Goldman Sachs & Co. and J.P. Morgan Securities LLC are the bookrunners. The co-managers are BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and MUFG.

Proceeds will be used for general corporate purposes, including the full redemption of the company’s 6.875% notes and 2.875% notes.

The diversified industrial company is based in Swords, Ireland.

© 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.