Ingersoll Rand’s Term Loan and Revolving Credit Facility

Simpson Thacher recently represented Ingersoll Rand Inc. (“Ingersoll Rand”) and certain of its subsidiaries in the transaction.

Ingersoll Rand Inc. (“Ingersoll Rand”) and certain of its subsidiaries completed an incremental amendment to its existing credit agreement that (i) established new term loans in an aggregate principal amount of $400 million and (ii) increased the revolving credit commitments by an aggregate principal amount of $100 million.

Ingersoll Rand is a leading global provider of mission-critical flow creation technologies and associated aftermarket parts, consumables and services, which it sells across multiple end-markets.

The Simpson Thacher team advising Ingersoll Rand included James Cross (Picture), Matthew Farrell and Remy Denner (Banking and Credit); and Richard Fenyes, Amanda Weiss, Brian Mathes and Collin Hunt (Capital Markets).

Involved fees earner: James Cross – Simpson Thacher & Bartlett; Remy Denner – Simpson Thacher & Bartlett; Matthew Farrell – Simpson Thacher & Bartlett; Richard Fenyes – Simpson Thacher & Bartlett; Collin Hunt – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Amanda Weiss – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Ingersoll-Rand Company;

Author: Ambrogio Visconti