Allegion US Holding markets senior notes due 2024, 2027

By Cristal Cody

Tupelo, Miss., Sept. 18 – Allegion US Holding Co. Inc. is marketing senior notes due 2024 and 2027 on Monday, according to a 424B5 filing with the Securities and Exchange Commission.

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

Proceeds will be used to redeem the company’s $300 million of 5.75% senior notes due 2021 and $300 million outstanding of 5.875% senior notes due 2023, to repay $165 million of borrowings under its new revolving credit facility and for general corporate purposes.

Allegion US Holding is a subsidiary of Allegion plc, a security products company based in Carmel, Ind.

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