12:07 PM EDT, 08/16/2024 (MT Newswires) -- Ingersoll Rand ( IR ) said in a filing on Friday that it established a commercial paper program covering the issuance of up to $2.6 billion in short-term, unsecured notes.

Ingersoll can borrow, repay and re-borrow the amount available under the program from time to time, according to the filing.

The program offers maturities of up to 397 days and provides the company with financial flexibility for various purposes, including acquisitions, Ingersoll added.

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