Trane Technologies Prices $700 Million Senior Notes Offering

SWORDS, Ireland--(BUSINESS WIRE)--Trane Technologies plc (NYSE: TT) (the “Company”), a global climate innovator, today announced the pricing of an aggregate $700 million principal amount of 5.250% senior notes due 2033, which will be issued by its indirect, wholly-owned subsidiary, Trane Technologies Financing Limited. The net proceeds from the offering are expected to be used to fund the redemption of the $700 million aggregate principal amount of the outstanding 4.250% Senior Notes due 2023 issued by Trane Technologies HoldCo Inc., which are scheduled to mature on June 15, 2023. The notes will be guaranteed by the Company, Trane Technologies Global Holding Company Limited, Trane Technologies Lux International Holding Company S.à r