UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________________________________________

FORM 8-K

____________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15 (d) ~~of The~~

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) — June 613, 2024

____________________________________________

TRANE TECHNOLOGIES PLC

(Exact name of registrant as specified in its charter)

____________________________________________

Ireland

001-34400

98-0626632

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

170/175 Lakeview Drive

Airside Business Park

Swords Co. Dublin

Ireland

(Address of principal executive offices, including zip code)

+(353)(0)18707400

(Registrant’s phone number, including area code)

N/A

(Former name or former address, if changed since last report)

~~____________________________________________~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Ordinary Shares, Par Value $1.00 per Share

New York Stock Exchange

5.250% Senior Notes due 2033

TT33

New York Stock Exchange

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol	Name of each exchange on which registered
Ordinary Shares, Par Value $1.00 per Share	TT	New York Stock Exchange
5.250% Senior Notes due 2033	TT33	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2):

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o☐

1Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The disclosures set forth in Item 58.~~07.~~01 ~~Submission~~pertaining ofto ~~Matters~~the toNotes aare ~~Vote~~incorporated ofby ~~Security~~reference ~~Holders~~herein.

AtItem ~~the~~8.01 ~~2024~~Other ~~Annual General Meeting, the Company’s shareholders:~~Events

1On June 13, 2024, Trane Technologies Financing Limited (the “Issuer”), a wholly-owned subsidiary of Trane Technologies plc (“Trane Parent”), issued $500 million aggregate principal amount of 5.~~Elected~~100% ~~all~~Senior ~~twelve~~Notes due 2034 (the “Notes”), pursuant to an Indenture, dated as of June 13, 2024 (the “Base Indenture”), as supplemented by the Supplemental Indenture, dated as of June 13, 2024 (the “Supplemental Indenture” and together with the Base Indenture, the “Indenture”), relating to the Notes, among the Issuer, Trane Parent, Trane Technologies Global Holding II Company’s ~~nominees~~Limited, ~~for~~Trane ~~director;~~Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors (the “Guarantors”) and Computershare Trust Company, N.A., as trustee. The Notes were sold pursuant to an Underwriting Agreement, dated as of June 4, 2024, by and among the Issuer, the Guarantors, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC as representatives of the several underwriters.

2The Issuer intends to use the net proceeds from the offering to repay at maturity the 3.~~Provided~~550% ~~advisory~~Senior ~~approval~~Notes ofdue 2024 (the ~~compensation~~“Existing of2024 Notes”) issued by the ~~Company’s~~Issuer, ~~named~~as ~~executive~~successor ~~officers;~~issuer to Trane Technologies Luxembourg Finance S.A., including the payment of fees, expenses and accrued interest in connection therewith and any remaining proceeds for general corporate purposes.

~~3.Approved~~The Notes and the ~~appointment~~related ofguarantees ~~PricewaterhouseCoopers~~have tobeen ~~serve~~registered asunder the ~~Company’s~~Securities ~~independent~~Act ~~auditors~~of ~~for~~1933, as amended (the ~~fiscal~~“Securities ~~year~~Act”), ~~ending~~pursuant ~~December~~to ~~31,~~a ~~2024,~~shelf ~~and~~registration ~~authorized~~statement on Form S-3ASR (File No. 333-279005) previously filed with the ~~Audit~~Securities ~~Committee~~and toExchange ~~set~~Commission under the ~~auditors’~~Securities ~~remuneration;~~Act.

~~4.Approved~~The Notes are senior unsecured obligations of the ~~renewal~~Issuer and rank equally with all of the ~~Directors~~Issuer’s existing ~~authority~~and tofuture ~~issue~~senior ~~shares;~~unsecured indebtedness. The guarantees of the Notes are senior unsecured obligations of each Guarantor and rank equally with all of such Guarantor’s existing and future senior unsecured indebtedness.

5The Issuer will pay interest on the Notes semi-annually on June 13 and December 13, beginning December 13, 2024, to holders of record on the preceding May 29 and November 28.~~Approved~~ Interest will be calculated on the ~~renewal~~basis of a 360-day year of twelve 30-day months. The Notes will mature on June 13, 2034. The Issuer may redeem the ~~Directors’~~Notes, ~~existing~~in ~~authority~~whole or in part, at any time prior to ~~issue~~March 13, ~~shares~~2034 (three months prior to the maturity date of the Notes), at a redemption price equal to the greater of 100% of the principal amount of such notes to be redeemed and a “make-whole” redemption price. In addition, the Issuer may redeem the Notes, in whole or in part, at any time on or after March 13, 2034 (three months prior to the maturity date of the Notes), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest thereon up to, but not including, the redemption date. In the event of a change of control triggering event (as defined in the Indenture), the holders of the Notes may require the Issuer to purchase for cash ~~without~~all ~~first~~or ~~offering~~a ~~shares~~portion of their Notes at a purchase price equal to ~~existing~~101% ~~shareholders;~~of the principal amount of such Notes, plus accrued and unpaid interest, if any, to the date of purchase. If, as a result of certain tax law changes, the Issuer or any Guarantor (other than Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Company LLC and Trane Technologies HoldCo Inc.) would be obligated to pay additional amounts in respect of withholding taxes or certain other tax indemnification payments with respect to any series of the Notes, and such obligation cannot be avoided by taking reasonable measures available to the Issuer or such Guarantor, the Issuer or such Guarantor may redeem the Notes in whole, but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, and all additional amounts, if any, then due or becoming due on the redemption date. The Notes are subject to certain customary covenants, including limitations on Trane Parent’s and its restricted subsidiaries’ ability to incur indebtedness secured by certain liens and to engage in certain sale and leaseback transactions, and on each of the Issuer’s and the Guarantors’ ability to consolidate or merge with or into, or sell substantially all of its assets to, another person. These covenants are subject to important limitations and exceptions.

~~6.Approved~~Copies of the ~~determination~~Base ofIndenture, the ~~price~~Supplemental ~~range~~Indenture atand ~~which~~the form of global note representing the ~~Company~~Notes ~~can~~are ~~reissue~~included ~~shares~~with ~~that~~this itcurrent ~~holds~~report on Form 8-K as ~~treasury~~Exhibits ~~shares~~4.1, 4.2, and 4.3, respectively, and are incorporated by reference as though fully set forth herein. The foregoing descriptions of the Base Indenture, the Supplemental Indenture and form of global note are summaries only and are qualified in their entirety by the complete text of each of such documents.

Proposals 1(a)-(l). Election of twelve (12) directors to hold office until the Company’s next Annual General Meeting of Shareholders:

	Nominees	For	Against	Abstain	Broker Non-Vote
(a)	Kirk E. Arnold	181,379,073	5,939,198	440,390	13,454,053
(b)	Ana P. Assis	186,511,304	667,529	579,828	13,454,053
(c)	Ann C. Berzin	178,464,958	8,709,636	584,067	13,454,053
(d)	April Miller Boise	182,919,162	4,108,753	730,746	13,454,053
(e)	Gary D. Forsee	181,565,061	5,724,758	468,842	13,454,053
(f)	Mark R. George	186,814,407	507,064	437,190	13,454,053
(g)	John A. Hayes	186,424,879	885,901	447,881	13,454,053
(h)	Linda P. Hudson	183,916,458	3,254,186	588,017	13,454,053
(i)	Myles P. Lee	186,614,395	702,990	441,276	13,454,053
(j)	David S. Regnery	170,266,246	16,202,355	1,290,060	13,454,053
(k)	Melissa N. Schaeffer	186,655,378	525,057	578,226	13,454,053
(l)	John P. Surma	174,772,996	12,515,011	470,654	13,454,053

Proposal 2. Advisory approval of the compensation of the Company’s named executive officers:

For									Against						Abstain												Broker Non Vote
161,626,811									24,883,827						1,248,023												13,454,053

Proposal 3. Approval of the Appointment of Independent Auditors:

For									Against						Abstain												Broker Non Vote
179,535,698									19,621,462						2,055,554												0

Proposal 4. Approval of the Directors’ Existing Authority to Issue Shares:

For									Against						Abstain												Broker Non Vote
194,316,669									6,407,800						488,245												0

Proposal 5. Approval of the Directors’ Authority to Issue Shares for Cash:

For									Against						Abstain												Broker Non Vote
181,488,391									19,105,495						618,828												0

Proposal 6. Approved the determination of the price range at which the Company can reissue shares that it holds as treasury shares:

For									Against						Abstain												Broker Non Vote
198,774,787									1,838,196						599,731												0

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits:


Exhibit No.		Description

1.1		Underwriting Agreement, dated as of June 4, 2024, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Mizuho Securities USA LLC, as representatives of the several underwriters.

4.1		Indenture, dated as of June 13, 2024, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.100% Senior Notes due 2034.

4.2		Supplemental Indenture, dated as of June 13, 2024, by and among Trane Technologies Financing Limited, as issuer, Trane Technologies plc, Trane Technologies Global Holding II Company Limited, Trane Technologies Americas Holding Corporation, Trane Technologies Lux International Holding Company S.à r.l., Trane Technologies Irish Holdings Unlimited Company, Trane Technologies Company LLC and Trane Technologies HoldCo Inc., as guarantors, and Computershare Trust Company, N.A., as Trustee, relating to the 5.100% Senior Notes due 2034.

4.3		Form of Global Note representing the 5.100% Senior Notes due 2034 (included in Exhibit 4.2).

5.1		Opinion of King & Spalding LLP.

5.2		Opinion of Arthur Cox LLP.

5.3		Opinion of Loyens & Loeff Luxembourg SARL.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TRANE TECHNOLOGIES PLC(Registrant)

~~TRANE TECHNOLOGIES PLC(Registrant)~~

Date:

June 7, 2024

/s/ Evan M. Turtz

Date: June 13, 2024

/s/ Evan M. Turtz

Evan M. Turtz, Senior Vice President, General Counsel and Secretary

Evan M. Turtz, Senior Vice President,General Counsel and Secretary

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