Ingersoll-Rand to price three tranches of guaranteed senior notes

By Cristal Cody

Tupelo, Miss., March 19 – Ingersoll-Rand Luxembourg Finance SA plans to price fixed-rate senior notes in three tranches, according to a 424B5 filing with the Securities and Exchange Commission on Tuesday.

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

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

The bonds will have make-whole and par calls.

Proceeds will be used to finance a $1.45 billion acquisition of Precision Flow Systems and for general corporate purposes.

If the acquisition is not completed before Jan. 31, 2020, the notes are redeemable at 101%.

Ingersoll-Rand is a diversified industrial company based in Dublin, Ireland.

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