Item 1.01 Entry into a Material Definitive Agreement.

On June 18, 2021, Trane Technologies Holdco Inc. ("TTH"), Trane Technologies Global Holding Company Limited ("TT Global") and Trane Technologies Financing Limited ("TTFL" and, together with TT Global and TTH, the "Borrowers"), Trane Technologies plc ("TT Parent"), Trane Technologies Lux International Holding Company S.à r.l. ("TT Lux Holding Company"), Trane Technologies Irish Holdings Unlimited Company ("Irish Holdings"), Trane Technologies Company LLC ("TTC" and, together with TT Parent, Irish Holdings and TT Lux Holding Company, the "Guarantors"), JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, J.P. Morgan Securities LLC and BNP Paribas, as Sustainability Structuring Agents, Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and U.S. Bank National Association as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto, entered into a new $1 billion senior unsecured revolving credit agreement (the "2021 Revolving Credit Agreement"). The 2021 Revolving Credit Agreement has a term through June 18, 2026. The proceeds of the 2021 Revolving Credit Agreement will be used (i) for working capital purposes of TT Parent, any of the Borrowers and their respective subsidiaries, (ii) to support the commercial paper programs of any of the Borrowers and any additional borrowers and (iii) for other general corporate purposes of TT Parent, any of the Borrowers and their respective subsidiaries.

All obligations under the 2021 Revolving Credit Agreement will be guaranteed on a senior basis by the Guarantors and each Borrower will guarantee the obligations under the 2021 Revolving Credit Agreement of the other Borrower. The 2021 Revolving Credit Agreement contains negative and affirmative covenants and events of default customary for credit facilities of this type.

The terms of the 2021 Revolving Credit Agreement also include annual price adjustments linked to the Company's performance against two sustainability commitments: a reduction in greenhouse gas intensity and an increase in the percentage of women in management.

The foregoing description of the 2021 Revolving Credit Agreement is included to provide information regarding its terms. It does not purport to be a complete description and is qualified in its entirety by reference to the full text of the 2021 Revolving Credit Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.




Item 1.02   Termination of a Material Definitive Agreement.

Effective June 18, 2021, the Borrowers and the Guarantors terminated the Credit Agreement dated June 4, 2020 among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Luxembourg Finance S.A., Trane Technologies plc, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC, JPMorgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Deutsche Bank Securities Inc., Goldman Sachs Bank USA and MUFG Bank, Ltd., as Documentation Agents, and JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain lending institutions from time to time parties thereto (the "2020 Revolving Credit Agreement"). The 2020 Revolving Credit Agreement was a $1 billion senior unsecured revolving credit agreement that was due to expire in 2022. The 2021 Revolving Credit Agreement replaced the 2020 Revolving Credit Agreement.



Item 2.03   Termination of a Material Definitive Agreement.

The information in Item 1.01 is incorporated herein by reference.

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                Item 9.01.       Financial Statements and Exhibits

                 (d) Exhibits.


    Exhibit No.                                       Description

  10.1               Credit Agreement dated June 18, 2021 among Trane Technologies Holdco Inc.,
                     Trane Technologies Global Holding Company Limited and Trane Technologies
                     Financing Limited, Trane Technologies plc, Trane Technologies Lux
                     International Holding Company S.à r.l., Trane Technologies Irish Holdings
                     Unlimited Company, Trane Technologies Company LLC, JPMorgan Chase Bank, N.A.,
                     as Administrative Agent, Citibank, N.A., as Syndication Agent, J.P. Morgan
                     Securities LLC and BNP Paribas, as Sustainability Structuring Agents,
                     Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and
                     U.S. Bank National Association as Documentation Agents, and JPMorgan Chase
                     Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and
                     Mizuho Bank, Ltd., as joint lead arrangers and joint bookrunners, and certain
                     lending institutions from time to time parties thereto
104                  Cover Page Interactive Data File (embedded within the Inline XBRL document).

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