US CREDIT-Ingersoll deal adds benefits, but debt load weighs

Newswire

By Karen Brettell NEW YORK, Dec 18 (Reuters) - Ingersoll-Rand Co's planned purchase of Trane Inc may be positive for the company's bondholders, but the diversified manufacturer will need to show it can pay down the debt taken on to fund the purchase in order to see its credit spreads improve. Ingersoll said on Monday it would buy Trane , a maker of heating and air conditioning systems, for about $9.4 billion in cash and stock. For details, see [ID:nL1757476] The deal adds the benefit ...

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