The investment-grade notes are due 2034

Davis Polk advised the representatives of the several underwriters in connection with Trane Technologies Financing Limited’s SEC-registered offering of $500 million aggregate principal amount of 5.100% senior notes due 2034. The senior notes are guaranteed by Trane Technologies plc, Trane Technologies HoldCo Inc., Trane Technologies Americas Holding Corporation, Trane Technologies Global Holding II Company Limited, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company and Trane Technologies Company LLC.

Trane is a global climate innovator. Through its strategic brands, Trane and Thermo King, and its environmentally responsible portfolio of products and services, Trane brings efficient and sustainable climate solutions to buildings, homes and transportation.

The Davis Polk corporate team included partner Roshni Banker Cariello and associate Robert MacKenzie. Counsel Tracy L. Matlock and associates Yueyu Yang and Caroline Peters provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.