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An announcement from Ingersoll Rand (IR) is now available.
Ingersoll Rand Inc. recently entered into a significant underwriting agreement with top financial institutions, successfully issuing a series of Senior Notes with varying interest rates and maturity dates, totaling $3.3 billion. These notes, which are senior unsecured obligations, will pay semi-annual interest and offer the company flexible redemption options before maturity. Alongside this, the company also secured a $2.6 billion New Revolving Credit Facility that matures in five years, featuring adjustable interest rates based on the market and the company’s credit rating. This financial move bolsters Ingersoll Rand’s capital structure, providing funds to repay existing debts and support the cash consideration of a planned acquisition.
For detailed information about IR stock, go to TipRanks’ Stock Analysis page.
