Allegion Completes Refinancing of Senior Credit Facility
19 Novembre 2021 - 1:30PM
Business Wire
Allegion plc (NYSE: ALLE), a leading global provider of security
products and solutions, has successfully completed the refinancing
of its existing senior unsecured credit facility.
The new five-year credit facility is unsecured, has investment
grade terms similar to the credit facility it replaces and provides
Allegion with $250 million of term loans and $500 million of
commitments for revolving loans – a portion of which may be used
for letters of credit and swingline loans. The initial outstanding
borrowing under the new credit facility, as of the closing on Nov.
18, 2021, replaced the outstanding borrowings under the existing
senior unsecured credit facility.
The new revolving facility, including the letters of credit and
swingline loans, may be incurred in U.S. Dollars, Euros and Pounds
Sterling. Loans under the new term loan facility will mature, and
commitments under the new revolving facility will terminate on Nov.
18, 2026.
Forward-Looking Statements This press release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934, including statements regarding the continued impacts
of the global COVID-19 pandemic, supply chain constraints,
electronic component and labor shortages, inflation, rising freight
and material costs, the company's 2021 financial performance, the
company’s business plans and strategy, the company’s growth
strategy, the company’s capital allocation strategy, the company’s
tax planning strategies and the performance of the markets in which
the company operates. These forward-looking statements generally
are identified by the words “believe,” “project,” “expect,”
“anticipate,” “estimate,” “forecast,” “outlook,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result”
or the negative thereof or variations thereon or similar
expressions generally intended to identify forward-looking
statements. Forward-looking statements may relate to such matters
as projections of revenue, margins, expenses, tax provisions,
earnings, cash flows, benefit obligations, dividends, share
purchases or other financial items; any statements of the plans,
strategies and objectives of management for future operations,
including those relating to any statements concerning expected
development, performance or market share relating to our products
and services; any statements regarding future economic conditions
or our performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation
or belief; and any statements of assumptions underlying any of the
foregoing. These statements are based on the company's currently
available information and our current assumptions, expectations and
projections about future events. They are subject to future events,
risks and uncertainties - many of which are beyond the company’s
control - as well as potentially inaccurate assumptions, that could
cause actual results to differ materially from those in the
forward-looking statements. Further information on these factors
and other risks that may affect the company's business is included
in filings it makes with the Securities and Exchange Commission
from time to time, including its Form 10-K for the year ended Dec.
31, 2020, Form 10-Q for the quarters ended March 31, 2021, June 30,
2021, and Sept. 30, 2021, and in its other SEC filings. The company
undertakes no obligation to update these forward-looking
statements.
About Allegion Allegion (NYSE: ALLE) is a global pioneer
in seamless access, with leading brands like CISA®, Interflex®,
LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security
around the door and adjacent areas, Allegion secures people and
assets with a range of solutions for homes, businesses, schools and
institutions. Allegion had $2.7 billion in revenue in 2020, and its
security products are sold around the world.
For more, visit www.allegion.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211119005207/en/
Allegion Media Contact: Whitney Moorman – Reputation
Management Leader 317-810-3241 Whitney.Moorman@allegion.com
Allegion Analyst Contact: Tom Martineau – Vice President,
Investor Relations, and Treasurer 317-810-3759
Tom.Martineau@allegion.com
Allegion (NYSE:ALLE)
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