Allegion issues $400 million of 5.600% senior notes due 2034 to refinance 2024 debt
Allegion US Holding Company issued $400 million of 5.600% senior notes due 2034, guaranteed by parent Allegion plc. The company expects to use the proceeds to repay at maturity its $400 million of 3.200% senior notes due October 2024, so the deal refinances existing debt rather than adding a stated amount of new borrowing to fund other uses.
Key points
- Notes issued May 29, 2024 under an indenture with U.S. Bank Trust Company as trustee; maturity May 29, 2034
- Interest of 5.600% paid semi-annually, starting November 29, 2024
- Proceeds expected to repay $400 million of 3.200% senior notes maturing October 2024
- Holders can require repurchase at 101% of principal upon a Change of Control Repurchase Event
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 29, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.