04:51 PM EDT, 05/20/2024 (MT Newswires) -- Allegion ( ALLE ) late Monday said it has extended its existing senior unsecured revolving credit facility by five years and increased the borrowing limit by 50% to $750 million.

The security products company said a portion of the renewed revolving credit facility can be used for letters of credit and swingline loans.

Allegion ( ALLE ) also said its term loan facility maturing in November 2026 remains substantially unchanged with $221.9 million outstanding.

Price: 123.24, Change: +0.07, Percent Change: +0.06