SWORDS, Ireland -- (Business Wire)
Ingersoll-Rand plc (NYSE:IR) (the “Company,” “we” and “our”) today
announced that it expects its indirect, wholly-owned subsidiary,
Ingersoll-Rand Luxembourg Finance S.A. (“IR Lux”), to offer, subject to
market and other conditions, senior notes (the “Notes”) in a registered
public offering. We expect that the offering will consist of three
tranches with varying maturities.
We expect that the notes will be issued by IR Lux and guaranteed by the
Company and by Ingersoll-Rand Company Limited, Ingersoll-Rand
International Holding Limited, Ingersoll-Rand Company and Ingersoll-Rand
Global Holding Company Limited, each of which is a wholly-owned
subsidiary of the Company.
We intend to use all or a portion of the net proceeds from the offering
of the Notes to (i) fund the redemption of our 5.50% senior notes due
2015 and our 4.75% senior notes due 2015 and (ii) fund our previously
announced acquisition of Cameron International Corporation’s Centrifugal
Compression division (the “Acquisition”), with allocation of net
proceeds between (i) and (ii) to be dependent on the timing of the
Acquisition. We expect to use any remaining proceeds for general
corporate purposes.
Goldman, Sachs & Co., J.P. Morgan Securities LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Citigroup Global Markets Inc., Credit
Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting
as representatives of the underwriters.
We have filed an effective registration statement (including a
prospectus supplement and accompanying base prospectus) with the
Securities and Exchange Commission (“SEC”) for the offering to which
this communication relates. Before you invest, you should read the
effective registration statement (including the prospectus supplement
and accompanying base prospectus) for more complete information about
the Company and this offering. You may obtain these documents for free
by visiting EDGAR on the SEC website at www.sec.gov.
Alternatively, copies may be obtained from Goldman, Sachs & Co. at the
following address: 200 West Street, New York, New York 10282, Attention:
Prospectus Department or by calling 201-793-5170; or from J.P. Morgan
Securities LLC at the following address: 383 Madison Avenue, New York,
New York, 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor
or by calling 212-834-4533; or from Merrill Lynch, Pierce, Fenner &
Smith Incorporated at the following address: 222 Broadway, New York, New
York 10038, Attention: Prospectus Department or by calling 800-294-1322.
These securities are only offered by means of the prospectus supplement
and prospectus related to the offering. This news release shall not
constitute an offer to sell, or the solicitation of an offer to buy, any
securities, nor shall there be any sales of securities mentioned in this
news release in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
Certain statements contained in this news release, other than purely
historical information, are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act and Section 21E of the Securities Exchange Act
of 1934 (the “Exchange Act”). These forward-looking statements generally
include those identified by the words “expect,” “estimate,” “intend,”
“will” and “would” or the negative thereof or variations thereon or
similar terminology generally intended to identify forward-looking
statements.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can offer no assurance
that such expectations will prove to be correct. Some of the significant
risks and uncertainties that could cause actual results to differ
materially from our expectations and projections are described more
fully in Item 1A “Risk Factors” in the Company’s Annual Report on Form
10-K for the year ended December 31, 2013, filed with the SEC on
February 14, 2014, and “Risk Factors” in our subsequent quarterly
reports on Form 10-Q as well as in our other filings with the SEC. All
forward-looking statements are expressly qualified in their entirety by
such risk factors.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands— including Club
Car®, Ingersoll
Rand®, Thermo
King® and Trane®
—work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a global business
committed to a world of sustainable progress and enduring results. For
more information, visit www.ingersollrand.com.
Contacts:
For Ingersoll Rand
Media:
Misty Zelent,
704-655-5324
mzelent@irco.com
or
Analysts:
Joe
Fimbianti, 704-655-4721
joseph_fimbianti@irco.com
or
Janet
Pfeffer, 704-655-5319
janet_pfeffer@irco.com
Source: Ingersoll Rand
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