Trane Technologies Enters $1 Billion Unsecured Revolving Credit Agreement with Major Financial Institutions

Reuters

05-29

Trane Technologies Enters $1 Billion Unsecured Revolving Credit Agreement with Major Financial Institutions

Trane Technologies plc has entered into a new $1 billion senior unsecured revolving credit agreement, effective May 27, 2025. The agreement involves Trane Technologies Holdco Inc. and Trane Technologies Financing Limited as the Borrowers, along with several Guarantors including Trane Technologies plc and its subsidiaries. Key financial institutions such as JPMorgan Chase Bank, N.A., Citibank, N.A., and Bank of America N.A. are involved as administrative and syndication agents. This new agreement, which runs through May 27, 2030, replaces the 2021 Revolving Credit Agreement set to expire in June 2026. The funds will be utilized for working capital, supporting commercial paper programs, and other general corporate purposes. The agreement includes customary covenants and events of default.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trane Technologies plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-028153), on May 28, 2025, and is solely responsible for the information contained therein.

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The agreement involves Trane Technologies Holdco Inc. and Trane Technologies Financing Limited as the Borrowers, along with several Guarantors including Trane Technologies plc and its subsidiaries. Key financial institutions such as JPMorgan Chase Bank, N.A., Citibank, N.A., and Bank of America N.A. are involved as administrative and syndication agents. This new agreement, which runs through May 27, 2030, replaces the 2021 Revolving Credit Agreement set to expire in June 2026. The funds will be utilized for working capital, supporting commercial paper programs, and other general corporate purposes. The agreement includes customary covenants and events of default.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The agreement involves Trane Technologies Holdco Inc. and Trane Technologies Financing Limited as the Borrowers, along with several Guarantors including Trane Technologies plc and its subsidiaries. Key financial institutions such as JPMorgan Chase Bank, N.A., Citibank, N.A., and Bank of America N.A. are involved as administrative and syndication agents. This new agreement, which runs through May 27, 2030, replaces the 2021 Revolving Credit Agreement set to expire in June 2026. The funds will be utilized for working capital, supporting commercial paper programs, and other general corporate purposes. The agreement includes customary covenants and events of default.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trane Technologies plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-028153), on May 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3581.USD","symbol_name":"Legg Mason ClearBridge - Value A Acc USD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250528:nNDL26RFSp:1","article_id":"2539440601","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539440601","pubTimestamp":1748462856,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Trane Technologies plc has entered into a new $1 billion senior unsecured revolving credit agreement, effective May 27, 2025. 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The agreement involves Trane Technologies Holdco Inc. and Trane Technologies Financing Limited as the Borrowers, along with several Guarantors including Trane Technologies plc and its subsidiaries. Key financial institutions such as JPMorgan Chase Bank, N.A., Citibank, N.A., and Bank of America N.A. are involved as administrative and syndication agents. This new agreement, which runs through May 27, 2030, replaces the 2021 Revolving Credit Agreement set to expire in June 2026. The funds will be utilized for working capital, supporting commercial paper programs, and other general corporate purposes. The agreement includes customary covenants and events of default.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trane Technologies plc published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-028153), on May 28, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}