Allegion Proposes Public Offering of Senior Notes
Allegion plc (NYSE:ALLE) ("Allegion" or the "company"), a leading global provider of security products and solutions, has proposed a registered public offering of senior notes by its subsidiary, Allegion US Holding Company Inc. ("Allegion US Holding"), subject to market and other conditions.
The senior notes are expected to be issued by Allegion US Holding and will be guaranteed upon their issuance by Allegion.
Allegion intends to use all of the net proceeds from the senior notes offering, together with cash on hand and additional borrowings under its revolving credit facility, to finance the acquisition of Stanley Access Technologies LLC and assets related to the automatic entrance solut
