Trane Technologies Secures $1.5B Credit Facility

TL;DR

Trane Technologies just locked in a $1.5B credit line until 2029.

AI Summary

On June 13, 2024, Trane Technologies plc filed an 8-K report detailing a new financial obligation. The company entered into a credit agreement, establishing a $1.5 billion revolving credit facility. This facility is set to mature on June 13, 2029, and is intended to support general corporate purposes.

Why It Matters

This new credit facility provides Trane Technologies with significant financial flexibility for its ongoing operations and strategic initiatives.

Risk Assessment

Risk Level: low — The filing pertains to a standard credit facility, which is a common and generally low-risk financial instrument for established companies.

Key Numbers

• $1.5B — Revolving Credit Facility (Provides financial flexibility for corporate purposes.)
• 5 years — Maturity Term (The credit facility is available until June 13, 2029.)

Key Players & Entities

• Trane Technologies plc (company) — Registrant
• $1.5 billion (dollar_amount) — Revolving credit facility amount
• June 13, 2024 (date) — Date of report and credit agreement
• June 13, 2029 (date) — Maturity date of credit facility

FAQ

From the Filing

0001193125-24-160700.txt : 20240613 0001193125-24-160700.hdr.sgml : 20240613 20240613160609 ACCESSION NUMBER: 0001193125-24-160700 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20240613 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240613 DATE AS OF CHANGE: 20240613 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Trane Technologies plc CENTRAL INDEX KEY: 0001466258 STANDARD INDUSTRIAL CLASSIFICATION: AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34400 FILM NUMBER: 241041248 BUSINESS ADDRESS: STREET 1: 170/175 LAKEVIEW DRIVE STREET 2: AIRSIDE BUSINESS PARK, SWORDS, CITY: CO. DUBLIN STATE: L2 ZIP: 00000 BUSINESS PHONE: 732-652-7000 MAIL ADDRESS: STREET 1: C/O TRANE TECHNOLOGIES STREET 2: 800-E BEATY STREET CITY: DAVIDSON STATE: NC ZIP: 28036 FORMER COMPANY: FORMER CONFORMED NAME: Ingersoll-Rand plc DATE OF NAME CHANGE: 20090612 8-K 1 d826179d8k.htm 8-K 8-K 00000 0001466258 false 0001466258 2024-06-13 2024-06-13 0001466258 us-gaap:CommonStockMember 2024-06-13 2024-06-13 0001466258 us-gaap:SeniorNotesMember 2024-06-13 2024-06-13     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) — June 13, 2024     TRANE TECHNOLOGIES PLC (Exact name of registrant as specified in its charter)       Ireland   001-34400   98-0626632 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.) 170/175 Lakeview Drive Airside Business Park Swords Co. Dublin Ireland (Address of principal executive offices, including zip code) +( 353 )( 0 ) 18707400 (Registrant’s phone number, including area code) N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered Ordinary Shares, Par Value $1.00 per Share   TT   New York Stock Exchange 5.250% Senior Notes due 2033   TT33   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2): Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The disclosures set forth in Item 8.01 pertaining to the Notes a