Allegion, a global security products and solutions provider, has completed the amendment and extension of its senior credit facility with a lender group led by JPMorgan Chase as administrative agent.

This new credit facility, coupled with Allegion’s issuance of $300 million in senior notes earlier this month, completes the company’s comprehensive financing plan for the acquisitions of SimonsVoss and Axa Stenman.

The amended and restated credit agreement, among other things: refinanced the $938.4 million outstanding borrowings under Allegion’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 October 15, 2019, to October 15, 2020. The availability under the revolving credit facility remained unchanged and continues to permit borrowing of up to $500 million.

Allegion is a global pioneer in safety and security, with leading brands like CISA, Interflex, LCN, Schlage and Von Duprin. Allegion is a $2 billion company, with products sold in almost 130 countries.