Ingersoll-Rand redeems 6.875% notes due 2018, 2.875% notes due 2019

By Tali Rackner

Minneapolis, March 19 – Ingersoll-Rand Global Holding Co. Ltd. redeemed all $750 million of its 6.875% senior notes due Aug. 15, 2018 and $350 million of 2.875% senior notes due Jan. 15, 2019, according to an 8-K filing with the Securities and Exchange Commission.

The 6.875% notes were redeemed at a price of 101.8617754 and the 2.875% notes at 100.4186652, in each case plus accrued interest to the redemption date of March 15.

Wells Fargo Bank, NA is the trustee for the 6.875% notes, and the Bank of New York Mellon is the trustee for the 2.875% notes.

Ingersoll-Rand is a Davidson, N.C., diversified industrial firm with legal headquarters in Swords, Ireland. It is a wholly owned subsidiary of Ingersoll-Rand plc.

© 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.