Filed Pursuant to Rule 424(b)(5)
Registration No. 333-273755
Prospectus Supplement
(To Prospectus dated August 7, 2023)
$3,300,000,000
Ingersoll Rand Inc.
$700,000,000 5.197% Senior Notes due 2027
$750,000,000 5.176% Senior Notes due 2029
$500,000,000 5.314% Senior Notes due 2031
$750,000,000 5.450% Senior Notes due 2034
$600,000,000 5.700% Senior Notes due 2054
We are offering $700,000,000 aggregate principal amount of 5.197% Senior Notes due 2027 (the “2027 notes”), $750,000,000 aggregate principal amount of 5.176% Senior Notes due 2029 (the “2029 notes”), $500,000,000 aggregate principal amount of 5.314% Senior Notes due 2031 (the “2031 notes”), $750,000,000 aggregate principal amount of 5.450% Senior Notes due 2034 (the “2034 notes”) and $600,000,000 aggregate principal amount of 5.700% Senior Notes due 2054 (the “2054 notes,” and together with the 2027 notes, the 2029 notes, the 2031 notes and the 2034 notes, the “notes”). We refer to the offering of notes as the “Offering” in this prospectus supplement.
The 2027 notes will mature on June 15, 2027 and bear interest at the rate of 5.197% per year. The 2029 notes will mature on June 15, 2029 and bear interest at the rate of 5.176% per year. The 2031 notes will mature on June 15, 2031 and bear interest at the rate of 5.314% per year. The 2034 notes will mature on June 15, 2034 and bear interest at the rate of 5.450% per year. The 2054 notes will mature on June 15, 2054 and bear interest at the rate of 5.700% per year. Interest on each series of the notes will accrue from May 10, 2024 (the expected issue date of the notes), and will be payable semi-annually on June 15 and December 15 of each year, beginning on December 15, 2024.
We may redeem some or all of the notes at any time before maturity at the applicable prices discussed under the section entitled “Description of Notes—Optional Redemption”, plus any accrued and unpaid interest thereon to, but not including, the redemption date.
Upon the occurrence of a Change of Control Triggering Event (as defined herein) with respect to a series of the notes, we will be required, unless we have given written notice with respect to a redemption of all of the notes of such series, within a specified period, to make an offer to repurchase all notes of such series at a price equal to 101% of the principal amount of the notes of such series (or such higher amount as we may determine), plus any accrued and unpaid interest thereon to, but not including, the date of repurchase. See “Description of Notes—Offer to Repurchase Upon a Change of Control Triggering Event.”
The closing of this offering is not conditioned upon the consummation of the Acquisition (as defined herein), which, if consummated, will occur subsequent to the closing of this offering. The 2027 notes, 2029 notes and 2031 notes will be subject to the special mandatory redemption provisions discussed under the section entitled “Description of Notes—Special Mandatory Redemption.” The 2034 notes and the 2054 notes will not be subject to such special mandatory redemption provisions.
The notes will be our senior unsecured obligations and will rank equally with all of our other senior unsecured indebtedness from time to time outstanding. The notes will effectively rank junior to all of the indebtedness and other liabilities of our subsidiaries from time to time outstanding and to all of our secured indebtedness from time to time outstanding to the extent of the value of the assets securing such secured indebtedness. For a more detailed discussion, see “Description of Notes—Ranking” and “Summary—Recent Developments—Refinancing Transactions.”
The notes will not be listed on any stock exchange or quoted on any automated quotation system, and currently there is no public market for the notes.
Investing in the notes involves risks. See “Risk Factors” beginning on page S-
11 of this prospectus supplement.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement or the accompanying prospectus. Any representation to the contrary is a criminal offense.
2027 Notes | | | 99.992% | | | $699,944,000 | | | 0.450% | | | $3,150,000 | | | 99.542% | | | $696,794,000 |
2029 Notes | | | 99.993% | | | $749,947,500 | | | 0.600% | | | $4,500,000 | | | 99.393% | | | $745,447,500 |
2031 Notes | | | 99.992% | | | $499,960,000 | | | 0.625% | | | $3,125,000 | | | 99.367% | | | $496,835,000 |
2034 Notes | | | 99.938% | | | $749,535,000 | | | 0.650% | | | $4,875,000 | | | 99.288% | | | $744,660,000 |
2054 Notes | | | 99.591% | | | $597,546,000 | | | 0.875% | | | $5,250,000 | | | 98.716% | | | $592,296,000 |
Combined Total | | | | | | $3,296,932,500 | | | | | | $20,900,000 | | | | | | $3,276,032,500 |
(1)
| Plus accrued interest, if any, from May 10, 2024 to the date of delivery. |
The underwriters expect to deliver the notes to investors only in book-entry form through the facilities of The Depository Trust Company for the account of its participants including Euroclear Bank, SA/NV and Clearstream Banking S.A., on or about May 10, 2024, which is the third business day following the date of this prospectus supplement (such settlement being referred to as “T+3”). Purchasers of the notes should note that trading of the notes may be affected by this settlement date. See “Underwriting”.
Joint Book-Running Managers
BofA Securities | | | Citigroup | | | Goldman Sachs & Co. LLC | | | J.P. Morgan | | | Mizuho |
Deutsche Bank Securities | | | BNP PARIBAS | | | HSBC | | | Standard Chartered Bank | | | TD Securities |
Senior Co-Managers
PNC Capital
Markets LLC | | | Barclays | | | ING | | | RBC Capital
Markets | | | US Bancorp |
The date of this prospectus supplement is May 7, 2024.