Fundraise May 2025 · Ireland Verified
Trane Technologies Enters $1B Revolving Credit Facility
Trane Technologies Holdco Inc. and Trane Technologies Financing Limited, as borrowers, entered into a new $1 billion senior unsecured revolving credit agreement with a syndicate of banks led by JPMorgan Chase. The facility matures on May 27, 2030, and replaces an existing $1 billion facility from 2021. Proceeds are for working capital, commercial paper support, and general corporate purposes.
“entered into a new $1 billion senior unsecured revolving credit agreement (the “2025 Revolving Credit Agreement”). The 2025 Revolving Credit Agreement has a term through May 27, 2030 and replaces the $1 billion senior unsecured revolving credit agreement entered into on June 18, 2021, which is expiring June 18, 2026 (the “2021 Revolving Credit Agreement”).”
Entities
BNP Paribas Securities Corporation · Lender Bank of America N.A. · Lender Citibank, N.A. · Lender Deutsche Bank Securities Inc. · Lender Goldman Sachs Bank USA · Lender JPMorgan Chase Bank, N.A. · Lender Mizuho Bank, Ltd. · Lender Trane Technologies Financing Limited · Mentioned Trane Technologies Holdco Inc. · Mentioned Trane Technologies plc · Parent U.S. Bank National Association · Lender
HVAC Sentiment: Neutral
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