Simpson Thacher represented Allegion US Holding Company Inc. (“Allegion”), a wholly-owned subsidiary of Ingersoll-Rand plc (“Ingersoll Rand”), in connection with its Rule 144A and Regulation S offering of $300 million aggregate principal amount of 5.75% Senior Notes due 2021. The notes were guaranteed by Allegion plc and certain subsidiaries of Allegion. Goldman, Sachs & Co., J.P. Morgan, BNP Paribas, BofA Merrill Lynch, Citigroup and Credit Suisse acted as joint lead bookrunning managers of the offering.

Allegion plc was organized to hold Ingersoll Rand’s commercial and residential security businesses following its previously-announced spin-off from Ingersoll Rand. Following the spin-off, Allegion and the subsidiary guarantors will be wholly-owned subsidiaries of Allegion plc. Allegion intends to use the net proceeds from the offering to pay a special cash distribution to Ingersoll-Rand prior to the spin-off. Any remaining proceeds will be used for general corporate purposes.

The Simpson Thacher team included Josh Bonnie, Andy Keller, Justin Cooke and Tony Rim (Capital Markets); David Rubinsky, Paul Koppel and Jeannine McSweeney (Executive Compensation and Employee Benefits); Rob Holo and Devin Heckman (Tax); and Adeeb Fadil (Environmental).