Allegion completes refinancing of its senior credit facility

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DUBLIN, November 19, 2021– (BUSINESS WIRE) – Allegion plc (NYSE: ALLE), one of the world’s leading providers of security products and solutions, has successfully completed the refinancing of its existing senior unsecured credit facility.

The new five-year credit facility is unsecured, has investment grade terms similar to the credit facility it replaces, and provides Allegion with $ 250 million in term loans and $ 500 million in term loans. ‘revolving loan commitments – part of which can be used for letters of credit and swingline loans. The original borrowings under the new credit facility, at closing November 18, 2021, replaced the outstanding borrowings under the existing senior unsecured credit facility.

The new revolving facility, including letters of credit and swingline loans, can be contracted in US dollars, euros and pounds sterling. Loans under the new term loan facility will mature and commitments under the new revolving facility will expire on November 18, 2026.

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding continuing impacts of the global COVID-19 pandemic, supply chain constraints, electronic component and labor shortages, inflation, rising transportation and material costs, financial performance of the company in 2021, the business plans and strategy of the company, the strategy of growth of the company, the strategy of capital allocation of the company, the strategies of tax planning of the company and the performance of the markets in which the company operates. These forward-looking statements are generally identified by the words “believe”, “plan”, “expect”, “anticipate”, “estimate”, “anticipate”, “outlook”, “intend”, “strategy”. , “The future,” “opportunity”, “plan”, “may”, “should”, “will”, “would”, “will”, “continue”, “will probably result” or its negative or its variations or similar expressions generally intended to identify forward-looking statements. Forward-looking statements may relate to matters such as projections of income, margins, expenses, tax provisions, profits, cash flows, obligations for benefits, dividends, share purchases or other financial items; any statement regarding management’s plans, strategies and objectives for future operations, including those relating to any statement regarding the development, performance or expected market share for our p products and services; any statements regarding future economic conditions or our performance; any statement regarding investigations, complaints or pending litigation; any statement of expectation or belief; and any statement of hypothesis underlying any of the above. These statements are based on information currently available to the company and on our current assumptions, expectations and projections regarding future events. They are subject to future events, risks and uncertainties – many of which are beyond the control of the company – as well as potentially inaccurate assumptions, which could cause actual results to differ materially from those of forward-looking statements. . Further information on these factors and other risks that may affect the Company’s business is included in documents filed from time to time with the Securities and Exchange Commission, including its Form 10-K for the fiscal year ended. December 31, 2020, Form 10- Q for the quarters ended March 31, 2021, June 30, 2021, and September 30, 2021, and in its other documents filed with the SEC. The company does not undertake to update these forward-looking statements.

About Allégion
Allegion (NYSE: ALLE) is a global pioneer in transparent access, with leading brands such as CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. By focusing on security around the gate and adjacent areas, Allegion secures people and property with a range of solutions for homes, businesses, schools and institutions. Allegion achieved sales of $ 2.7 billion in 2020 and its security products are sold worldwide.

To learn more, visit www.allegion.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211919005207/en/

Contacts

Allegion media contact:
Whitney Moorman – Head of Reputation Management
317-810-3241
[email protected]

Contact for Allegion Analyst:
Tom Martineau – Vice-President, Investor Relations and Treasurer
317-810-3759
[email protected]


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