18 04 2016

Ingersoll‑Rand secures $1 Billion Unsecured Revolving Credit Facility

Cravath represented the administrative agent, JPMorgan Chase Bank, N.A., in connection with the arrangement of a $1 billion unsecured five‑year revolving credit facility made available to Ingersoll‑Rand Global Holding Company Limited and Ingersoll‑Rand Luxembourg Finance S.A., to refinance existing indebtedness and for working capital and general corporate purposes.


Ingersoll-Rand PLC is a diversified, global company that provides a diverse range of products and services for a wide range of industries. The company, led by Michael W Lamach, Ray Pittard, Allen Ge, David Regnery and Didier P M Teirlinck, is based in Davidson (NC). The Cravath team included partner George E. Zobitz (Picture) and associates Sharon Freiman and Douglas M. Giannantonio on banking matters and partner J. Leonard Teti II and associates Kiran Sheffrin and Dmitry Zelik on tax matters. Joyce Y. Kim also worked on tax matters. Involved fees earner: George E. Zobitz - Cravath Swaine & Moore; Sharon Freiman - Cravath Swaine & Moore; Douglas Giannantonio - Cravath Swaine & Moore; J. Leonard Teti II - Cravath Swaine & Moore; Kiran Sheffrin - Cravath Swaine & Moore; Dmitry Zelik - Cravath Swaine & Moore;

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