Allegion Expands Revolving Credit Facility to $1 Billion and Extends Maturity to 2030
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Allegion plc has amended its credit agreement, increasing its revolving credit facility from $750 million to $1 billion and extending its maturity date to May 20, 2030. The company can request an additional $500 million under certain conditions. Allegion borrowed $197.2 million to repay an outstanding term loan, with no change in total debt. Bank of America, N.A. is the administrative agent.
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