Trane Technologies Prices $500 Million Senior Notes Offering – Company Announcement - FT.com
Summary
4, 2024-- (NYSE: TT) (the Company), a global climate innovator, today announced the pricing of an aggregate principal amount of 5.100% senior notes due 2034, which will be issued by its indirect, wholly-owned subsidiary, . The net proceeds from the offering are expected to be used to fund the repayment at maturity of the aggregate principal amount of the outstanding 3.550% Senior Notes issued by , as successor issuer to , which are scheduled to mature on .The notes will be guaranteed by the Company, , , Trane Technologies Lux International Holding Company S.\xe0 r.l., , and , each of which is a wholly-owned subsidiary of the Company. The offering is expected to close on , subject to the satisfaction of customary closing conditions., , and are acting as representatives of the underwriters.The Company has filed an effective registration statement (including a prospectus supplement and accompanying base prospectus) with the (SEC) for the offering to which this communication relates. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities mentioned in this news release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.is a global climate innovator. Through our strategic brands Trane\xae and Thermo King\xae, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation.This news release includes or is based on 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.