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Related Party Transactions
9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
Affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) serve on the Company's board of directors and KKR maintained an equity interest in the Company until August 6, 2021. On August 6, 2021, KKR completed a secondary offering to sell its remaining 29,788,635 shares of common stock, of which Ingersoll Rand purchased 14,894,317 shares. KKR did not own any shares of common stock as of September 30, 2021.
Affiliates of KKR participated as a lender in the Company’s Senior Secured Credit Facilities. As of September 30, 2021, KKR held a position in the Euro Term Loan of €38.1 million and a position in the Dollar Term Loan B of $39.4 million.
The Company incurred and paid underwriting fees of $7.5 million in the nine month period ended September 30, 2020 to KKR Capital Markets LLC, an affiliate of KKR, for services rendered in connection with the term loan transactions.