Ingersoll-Rand Secures $1 Billion Revolving Credit Facility

Ingersoll-Rand Global Holding Company Limited, along with its parent and related guarantors, entered into a new $1 billion senior unsecured revolving credit agreement with a syndicate of banks led by J.P. Morgan. The 3-year facility is intended for working capital, commercial paper support, and general corporate purposes.

“On May 26, 2010, Ingersoll-Rand Global Holding Company Limited (the “Borrower”), Ingersoll-Rand plc (“IR Parent”), Ingersoll-Rand Company Limited (“IR Company Limited”), Ingersoll-Rand International Holding Limited (“IR International” and, together with IR Parent and IR Company Limited, the “Guarantors”), J.P. Morgan Chase Bank, N.A., as Administrative Agent, and certain lending institutions from time to time parties thereto entered into a new $1 billion senior unsecured revolving credit agreement (the “Revolving Credit Agreement”). The Revolving Credit Agreement has a term of 3 years.”

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