Allegion priced $400m senior notes due 2034 to repay 2024 maturities, with proceeds managed by multiple banks.

Allegion, a global security firm, priced $400 million of senior notes due 2034, guaranteed by the company. The notes are expected to close on May 29, with proceeds used to repay its $400 million 3.200% senior notes maturing in 2024. BofA Securities, Citigroup, Wells Fargo, Goldman Sachs, J.P. Morgan, PNC Capital, BNP Paribas, Huntington Securities, TD Securities, and U.S. Bancorp are managing the offering.