Fundraise Mar 2019 · Ireland Verified
Ingersoll-Rand Raises $1.5B via Senior Notes to Fund Precision Flow Systems Acquisition
Ingersoll-Rand Luxembourg Finance S.A., a subsidiary of Ingersoll-Rand plc, issued $1.5 billion in senior notes across three tranches. The net proceeds are intended to finance the proposed acquisition of Precision Flow Systems, cover offering expenses, and for general corporate purposes.
“The Issuer intends to use the net proceeds from the offering to finance the proposed acquisition of Precision Flow Systems (the “Acquisition”), to pay expenses related to the offering and for general corporate purposes.”
Entities
Citigroup Global Markets Inc. · Advisor Goldman Sachs & Co. LLC · Advisor Ingersoll-Rand Luxembourg Finance S.A. · Mentioned Ingersoll-Rand plc · Parent J.P. Morgan Securities LLC · Advisor Merrill Lynch, Pierce, Fenner & Smith Incorporated · Advisor Precision Flow Systems · Target Wells Fargo Bank, National Association · Advisor
Other Sentiment: Neutral
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