Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan - S&P Global Ratings’ Credit Research

Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan

Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan - S&P Global Ratings’ Credit Research
Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan
Published Sep 24, 2013
1205 words — Published Sep 24, 2013
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Abstract:

NEW YORK (Standard&Poor's) Sept. 24, 2013--Standard&Poor's Ratings Services said today that its 'BBB' and 'BB+' issue-level ratings on Allegion US Holding Co., a subsidiary of Ireland-based Allegion PLC, remain unchanged following the company's decision to upsize its term loan B by $200 million and reduce the proposed senior unsecured notes by the same amount. These changes will increase the size of the company's term loan B to $500 million from $300 million while the proposed senior unsecured notes will be reduced to $300 million from the originally expected $500 million. Allegion US Holding Co.'s proposed senior secured revolving credit facility due 2018, term loan A due 2018, and term loan B due 2020 are rated 'BBB',

  
Brief Excerpt:

RESEARCH Allegion US Holding Co. '###' And '##+' Issue Ratings Unchanged Following Upsize Of Term Loan Publication date: 24-Sep-2013 Primary Credit Analyst: Thomas J Nadramia, New York (1) 212-438-3944; thomas.nadramia@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
GICS
Building Products (20102010)
Sector
Global Issuers
Country
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan" Sep 24, 2013. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Allegion-US-Holding-Co-BBB-And-BB-Issue-Ratings-Unchanged-Following-Upsize-Of-Term-Loan-1195783>
  
APA:
S&P Global Ratings’ Credit Research. (). Allegion US Holding Co. 'BBB' And 'BB+' Issue Ratings Unchanged Following Upsize Of Term Loan Sep 24, 2013. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Allegion-US-Holding-Co-BBB-And-BB-Issue-Ratings-Unchanged-Following-Upsize-Of-Term-Loan-1195783>
  
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