Subsequent Events Subsequent Events (Notes)

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Subsequent Events

Note 21 – Subsequent Events

On October 2, 2017, Allegion US Holding Company Inc. (“Allegion US Holding”), a subsidiary of Allegion plc (“Allegion”), issued $400.0 million aggregate principal amount of its 3.200% Senior Notes due 2024 and $400.0 million aggregate principal amount of its 3.550% Senior Notes due 2027.

On October 3, 2017 Allegion US Holding used the net proceeds of the offering to redeem in full Allegion US Holding’s 5.75% Senior Notes due 2021 and to redeem in full Allegion’s 5.875% Senior Notes due 2023, pay the related redemption premiums of approximately $33.0 million (will be recorded in interest expense), and fees of approximately $7.4 million related to the Senior Notes due 2024 and 2027, of which half will be deferred over 7 years and half over 10 years and amortized into interest expense. The Company will also have a loss related to the write off of unamortized bond issue costs from previous issuances of approximately $9.4 million (will be recorded in interest expense). In addition, on October 2, 2017, the Company repaid in full the borrowings under the Revolving Facility and used the remaining proceeds for general corporate purposes.