Allegion Prices $400 Million Debt Offering-March 2024-www.financetom.com

Allegion Prices $400 Million Debt Offering

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Allegion Prices $400 Million Debt Offering

May 22, 2024 2:40 AM

05:09 AM EDT, 05/22/2024 (MT Newswires) -- Allegion ( ALLE ) late Tuesday priced $400 million in senior unsecured notes due 2034 at 5.600%.

The offering is expected to close on May 29, subject to customary closing conditions.

The alarm and security systems provider expects to use net proceeds from the offering to repay $400 million in 3.200% senior notes due Oct. 1, 2024.

Price: 123.64, Change: +0.09, Percent Change: +0.07

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