The company said Allegion US Holding Company Inc. issued $400,000,000 aggregate principal amount of its 5.600% Senior Notes due 2034 on May 29, 2024. The guarantor is Allegion plc.

1. 01

   The company said Allegion US Holding Company Inc. issued $400,000,000 aggregate principal amount of its 5.600% Senior Notes due 2034 on May 29, 2024. The guarantor is Allegion plc.

2. 02

   The company said it expects to use the net proceeds from the offering to repay in full, at maturity, the $400,000,000 outstanding principal amount of its 3.200% senior notes maturing in October 2024.

3. 03

   The company said it will pay interest on the notes semi-annually on May 29 and November 29, with the first payment due on November 29, 2024, and that the notes will mature on May 29, 2034. The company may redeem the notes at a make-whole price before March 1, 2034, and at par plus accrued interest on and after that date.

4. 04

   The company said the notes are senior unsecured obligations and that it must offer to repurchase them at 101% of principal plus accrued interest upon a Change of Control Repurchase Event. The company also said it entered into an underwriting agreement on May 21, 2024 with BofA Securities, Citigroup Global Markets and Wells Fargo Securities as representatives of the underwriters.

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Original filing

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