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Allegion Announces Pricing of $300 Million of Senior Notes

DUBLIN--(BUSINESS WIRE)-- Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that it priced its previously announced offering of $300.0 million aggregate principal amount of 5.875% senior notes due 2023 (the "Notes"). The offering is expected to close on September 16, 2015, subject to customary closing conditions.

The Notes will be guaranteed upon their issuance by Allegion U.S. Holding Company Inc., Schlage Lock Company LLC and Von Duprin LLC, which are each wholly-owned subsidiaries of Allegion.

Allegion intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility.

These securities are only offered by means of the prospectus related to the offering. This news release shall not constitute an...