Allegion Proposes Public Offering of Senior Notes
September 19 2019 - 8:48AM
Business Wire
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, subject to
market and other conditions.
The senior notes expected to be issued by Allegion will be
guaranteed upon their issuance by Allegion US Holding Company Inc.,
a wholly-owned subsidiary of Allegion.
Allegion intends to use all of the net proceeds from the senior
notes offering to repay a portion of the borrowings under its term
loan facility.
BofA Securities, Inc., Goldman Sachs & Co. LLC and J.P.
Morgan Securities LLC are acting as joint book-running
managers.
Allegion has filed an effective registration statement with the
U.S. Securities and Exchange Commission (SEC) for the offering and
encourages investors to read it (including the accompanying
prospectus, the related prospectus supplement and the information
incorporated by reference therein) for more complete information
about Allegion and the offering. You may obtain these documents for
free by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may also be obtained by contacting BofA
Securities, Inc. at the following address: NC1-004-03-43, 200 North
College Street, 3rd Floor, Charlotte, North Carolina, 28255-0001,
Attn: Prospectus Department, or by calling 1-800-294-1322, or by
emailing dg.prospectus_requests@baml.com; Goldman Sachs & Co.
LLC at the following address: 200 West Street, New York, New York
10282, Attn: Prospectus Department, or by calling 1-866-471-2526;
or J.P. Morgan Securities LLC at the following address: J.P. Morgan
Securities LLC, 383 Madison Avenue, New York, New York, 10179,
Attn: Investment Grade Syndicate Desk, 3rd Floor, or by calling
collect 1-212-834-4533.
These securities are only offered by means of a prospectus and a
prospectus supplement related to the offering. This news release is
for informational purposes only and shall not constitute an offer
to sell, or the solicitation of an offer to buy, any securities,
nor will 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.
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 Company’s proposed offering and use of proceeds therefrom.
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. These statements are based on
the Company's currently available information and its 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 SEC
from time to time, including its Form 10-K for the year ended
December 31, 2018, Form 10-Q for the quarters ended March 31, 2019,
and June 30, 2019, 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 other institutions.
Allegion had $2.7 billion in revenue in 2018, and sells products in
almost 130 countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20190919005440/en/
Media: Whitney Moorman – Reputation Management Leader
+1.317.810.3241 Whitney.Moorman@allegion.com Analyst: Mike
Wagnes – Vice President, Treasury and Investor Relations
+1.317.810.3494 Michael.Wagnes@allegion.com
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