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Ingersoll-Rand subsidiary prices senior notes offering

An Ingersoll-Rand PLC indirect subsidiary priced its previously announced senior notes offering.

Ingersoll-Rand Global Holding Company Ltd is offering senior notes with aggregate principal amounts of $300 million at 2.900% due 2021, $550 million at 3.750% due 2028 and $300 million at 4.300% due 2048.

The offering is expected to close on Feb. 21, subject to customary closing conditions. The company plans to use the proceeds to fund the redemption of certain existing senior notes and other general corporate purpose.