Allegion plc has amended its existing credit agreement, significantly increasing its financial flexibility. On December 9, 2025, the company entered into a First Amendment to its Amended and Restated Credit Agreement, raising the aggregate revolving commitments under its revolving credit facility from $750 million to $1 billion. The maturity date of the facility has also been extended by one year, from May 20, 2029 to May 20, 2030. Additionally, Allegion plc may request, subject to certain conditions, an increase of up to an additional $500 million under the facility. Upon closing the amendment, Allegion borrowed $197.2 million under the revolving facility to repay an outstanding term loan, resulting in no change to the company's total debt outstanding. Bank of America, N.A. acts as the administrative agent for the agreement.
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. Allegion 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: 0001104659-25-119658), on December 09, 2025, and is solely responsible for the information contained therein.
Comments