Ingersoll-Rand Global Holding Company Limited $1.15 Billion Senior Notes Offering

Davis Polk advised the joint book-running managers and representatives of the several underwriters in connection with an SEC-registered offering of senior notes by Ingersoll-Rand Global Holding Company Limited.

The offering consisted of $300 million aggregate principal amount of 2.900% notes due 2021, $550 million aggregate principal amount of 3.750% notes due 2028 and $300 million aggregate principal amount of 4.300% notes due 2048. The notes are guaranteed by Ingersoll-Rand public limited company, Ingersoll-Rand Luxembourg Finance S.A., Ingersoll-Rand Lux International Holding Company S.à r.l., Ingersoll-Rand Irish Holdings Unlimited Company and Ingersoll-Rand Company. The company intends to use a portion of the net proceeds from the offering for general corporate purposes, including to fund the redemption in full of its 6.875% senior notes due 2018 and its 2.875% senior notes due 2019.

BofA Merrill Lynch, Goldman Sachs & Co. LLC, J.P. Morgan, BNP PARIBAS, Citigroup, Credit Suisse,Deutsche Bank Securities, Mizuho Securities and MUFG acted as Joint Book-Running Managers

Ingersoll-Rand is a diversified, global company that provides products, services and solutions to enhance the quality, energy efficiency and comfort of air in homes and buildings, transport and protect food and perishables and increase industrial productivity and efficiency.

The Davis Polk corporate team included partner John G. Crowley (Picture) and associates Christopher M. Bezeg and Carrie Guo. Partner Rachel D. Kleinberg and associate Tracy L. Matlock provided tax advice. Counsel Loyti Cheng and associate Michael Comstock provided environmental advice. Counsel Jeanine P. McGuinness and associate Britt Mosman provided sanctions advice.


Involved fees earner: John G. Crowley – Davis Polk & Wardwell; Christopher Bezeg – Davis Polk & Wardwell; Carrie Guo – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Tracy Matlock – Davis Polk & Wardwell; Loyti Cheng – Davis Polk & Wardwell; Michael Comstock – Davis Polk & Wardwell; Jeanine McGuinness – Davis Polk & Wardwell; Britt Mosman – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Merrill Lynch; Goldman, Sachs & Co.; JP Morgan;



Author: Ambrogio Visconti