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October 04, 2015 9:27 AM ET

Building Products

Company Overview of Allegion Plc

Company Overview

Allegion Public Limited Company manufactures and sells mechanical and electronic security products and solutions worldwide. It provides locks, locksets, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; video analytics; doors and door frames; and other accessories. The company sells its products to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the strategic brands, such as Schlage, Von Duprin, LCN, CISA, and Interflex, as well as Stee...

Block D

Iveagh Court

Harcourt Road

Dublin,  1


Founded in 2013

8,500 Employees


353 1 254 6200

Key Executives for Allegion Plc

Chairman, Chief Executive Officer and President
Age: 57
Total Annual Compensation: $900.0K
Chief Financial Officer and Senior Vice President
Age: 52
Total Annual Compensation: $500.0K
Senior Vice President of Americas Operations and President of The Americas Region
Age: 53
Total Annual Compensation: $618.7K
Senior Vice President of Asia Pacific
Age: 50
Total Annual Compensation: $517.0K
Senior Vice President of Global Operations & Integrated Supply Chain
Age: 57
Total Annual Compensation: $483.1K
Compensation as of Fiscal Year 2014.

Allegion Plc Key Developments

Allegion Closes Amendment and Extension of its Senior Credit Facility

Allegion plc has completed the amendment and extension of its senior credit facility. Together with the company's issue of USD 300 million senior notes earlier, this new credit facility completes the company's comprehensive funding plan for the acquisitions of SimonsVoss and Axa Stenman. The amended and restated credit agreement refinanced the USD 938.4 million outstanding borrowings under the company's existing term loan A facility, reduced credit spreads on outstanding borrowings under the facility 12.5 basis points, and extended the applicable maturities from 15 October 2019 to 15 October 2020. The revolving credit facility remained unchanged and continues to permit borrowing of up to USD 500 million.

Allegion Completes $300 Million Senior Notes Offering

Simpson Thacher advised Allegion plc on its recent registered offering of $300 million aggregate principal amount of 5.875% Senior Notes due 2023. The notes were issued September 16, 2015 and are guaranteed by Allegion US Holding Company Inc., Schlage Lock Company LLC and Von Duprin LLC. J.P. Morgan Securities LLC, Goldman, Sachs & Co., Wells Fargo Securities, LLC, Credit Suisse Securities (USA) LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, BNP Paribas Securities Corp. and Citigroup Global Markets Inc. acted as joint bookrunning managers of the offering.

Allegion, plc Declares Quarterly Dividend, Payable on September 30, 2015

Allegion, plc announced that its board of directors declared a quarterly dividend of $0.10 per ordinary share of the company. The dividend is payable on September 30, 2015, to shareholders of record on September 16, 2015.

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