09.09.2015

Allegion Proposes Public Offering of Senior Notes

DUBLIN (Sept. 9, 2015) – Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, has proposed a registered public offering of senior notes, subject to market and other conditions.

The senior notes expected to be issued by Allegion will be guaranteed upon their issuance by Allegion U.S. Holding Company Inc., Schlage Lock Company LLC and Von Duprin LLC, which are each wholly-owned subsidiaries of Allegion.

Allegion intends to use the net proceeds from the senior notes offering to repay a portion of the outstanding borrowings under its senior secured revolving credit facility.

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. are acting as joint book-running managers.     

Allegion has filed an effective registration statement with the U.S. Securities and Exchange Commission (SEC) for the offering and encourages investors to read it (including the accompanying prospectus and the information incorporated by reference therein) for more complete information about Allegion and the offering. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may also be obtained from J.P. Morgan Securities LLC at the following address: 383 Madison Avenue, New York, New York, 10179, or by calling 1-888-803-9204.

These securities are only offered by means of the prospectus related to the offering. This news release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor will any sales of securities be mentioned in this news release in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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Forward-Looking Statements

This news release includes “forward-looking statements,” which are statements that are not historical facts. These forward-looking statements are based on the company's currently available information and its current assumptions, expectations and projections about future events. They are subject to future events, risks and uncertainties—many of which are beyond the company’s control—as well as potentially inaccurate assumptions, that could cause actual results to differ materially from those in the forward-looking statements. Further information on these factors and other risks that may affect the company's business is included in filings it makes with the SEC from time to time, including its Form 10-K for the year ended December 31, 2014, and its Form 10-Q for the quarters ended March 31 and June 30, 2015. The company assumes no obligations to update these forward-looking statements.

About Allegion™

Allegion (NYSE: ALLE) is a global pioneer in safety and security, with leading brands like CISA®, Interflex®, LCN®, Schlage® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion produces a range of solutions for homes, businesses, schools and other institutions. Allegion is a $2 billion company, with products sold in almost 130 countries.

For more, visit www.allegion.com.

Contact:

Media:
Maria Pia Tamburri - Director, Public Affairs
317-810-3399
Maria.Tamburri@allegion.com

Analysts
Tom Martineau – Director, Investor Relations
317-810-3759
Tom.Martineau@allegion.com

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