Trane Technologies Enters $1 Billion Sustainability-Linked Revolving Credit Facility

Trane Technologies plc and its subsidiaries entered into a new $1 billion senior unsecured revolving credit agreement with a syndicate of banks, maturing in 2026. The facility includes pricing adjustments linked to sustainability performance targets, specifically reducing greenhouse gas intensity and increasing the percentage of women in management. This new agreement replaces a previous $1 billion credit facility from 2020.

“On June 18, 2021, Trane Technologies Holdco Inc. (“TTH”), Trane Technologies Global Holding Company Limited (“TT Global”) and Trane Technologies Financing Limited (“TTFL” and, together with TT Global and TTH, the “Borrowers”), Trane Technologies plc (“TT Parent”), Trane Technologies Lux International Holding Company S.à r.l. (“TT Lux Holding Company”), Trane Technologies Irish Holdings Unlimited Company (“Irish Holdings”), Trane Technologies Company LLC (“TTC” and, together with TT Parent, Irish Holdings and TT Lux Holding Company, the “Guarantors”), JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, J.P. Morgan Securities LLC and BNP Paribas, as Sustainability Structuring Agents, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and U.S. Bank National Association as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto, entered into a new $1 billion senior unsecured revolving credit agreement (the “2021 Revolving Credit Agreement”

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