Ingersoll-Rand Spin-Off of Security Businesses into Allegion

Ingersoll-Rand plc is spinning off its commercial and residential security businesses into a new entity, Allegion plc. As part of the financing for this spin-off, Allegion US Holding Company issued $300 million in senior notes. The spin-off was previously announced and is being executed through a series of financing transactions.

“Parent was organized to hold our commercial and residential security businesses following their previously-announced spin-off from us. Following the spin-off, Allegion, Von Duprin and Schlage will be wholly-owned subsidiaries of Parent. The Notes have been issued in connection with the financing transactions for the spin-off.”

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