Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Paraná SA > News item |
Ingersoll Rand to repay some credit facility borrowings via new notes
By Marisa Wong
Los Angeles, Aug. 7 – Ingersoll Rand Inc. plans to repay a portion of the amounts outstanding under its senior secured credit facilities using proceeds from a two-part offering of fixed-rate senior notes, according to a 424B2 filing with the Securities and Exchange Commission.
As of June 30, the company and its subsidiaries had $2,733,800,000 of outstanding borrowings under the credit facilities (net of unamortized discounts), which mature on Feb. 28, 2027.
As of June 30, the applicable interest rate for borrowings was about 7%, and the weighted average interest rate was 6.59% for the six-month period ended June 30.
Based in Davidson, N.C., Ingersoll Rand produces mission-critical air, fluid, energy and medical technologies.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.