King & Spalding advised Trane Technologies Financing Limited, a wholly-owned subsidiary of Trane Technologies plc (f/k/a Ingersoll-Rand plc) (NYSE: TT), in completing its registered offering of $700 million aggregate principal amount of 5.250% senior notes due 2033, which are being guaranteed by the Company and certain Company subsidiaries. The proceeds will be used to fund the redemption of the Company’s outstanding $700 million aggregate principal amount of 4.250% Senior Notes due 2023.
Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation.
The King & Spalding team advising on the matter included Keith Townsend, Zack Davis, Zack Peffer and Savannah Padgett. John Sweet advised on tax matters and Meredith O’Leary advised on ERISA matters.