The investment-grade notes are due 2033

Davis Polk advised the representatives of the several underwriters in connection with Trane Technologies Financing Limited’s SEC-registered offering of $700 million aggregate principal amount of 5.250% senior notes due 2033.

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 associates Robert MacKenzie and Marquis J. Pullen. Counsel Tracy L. Matlock and associate Yueyu Yang provided tax advice. Counsel Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. Partner Matthew J. Bacal and associate S. Dream Montgomery provided intellectual property advice. All members of the Davis Polk team are based in the New York office.