On June 27, 2008, Ingersoll-Rand Company Limited ("IR Parent") and its wholly-owned subsidiary Ingersoll-Rand Global Holding Company Limited ("IR Global"), each a "Borrower" and together the "Borrowers", entered into a new $1 billion senior unsecured revolving credit agreement (the "Revolving Credit Agreement") with J.P. Morgan Chase Bank, N.A., as Administrative Agent, Citibank, N.A., as Syndication Agent, Bank of America, N.A., Deutsche Bank Securities Inc., The Bank of Tokyo Mitsubishi, Ltd., New York Branch, BNP Paribas and William Street LLC, as Documentation Agents, and J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners; and certain lending institutions from time to time parties thereto. The Revolving Credit Agreement has a term of 3 years.

The proceeds of the Revolving Credit Agreement will be used (i) for working capital, (ii) to support the commercial paper programs of the Borrowers, and
(iii) for other general corporate purposes.

All obligations under the Revolving Credit Agreement will be guaranteed on a senior basis (a) by IR Global with respect to the Obligations of IR Parent, and
(b) by IR Parent with respect to the Obligations of IR Global (and any additional borrowers permitted under the Revolving Credit Agreement). The Revolving Credit Agreement will contain negative and affirmative covenants and events of default substantially similar to those in the IR Parent's existing credit facilities.

The foregoing description of the Revolving Credit Agreement is included to provide you with 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 Revolving Credit Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

The information in Item 1.01 is incorporated herein by reference.

(d) Exhibits

Exhibit No.   Description

10.1          Credit Agreement among Ingersoll-Rand Company Limited; Ingersoll-Rand
              Global Holding Company Limited; J.P. Morgan Chase Bank, N.A., as
              Administrative Agent, Citibank, N.A., as Syndication Agent, Bank of
              America, N.A., Deutsche Bank Securities Inc., The Bank of Tokyo
              Mitsubishi, Ltd., New York Branch, BNP Paribas and William Street LLC,
              as Documentation Agents, and J.P. Morgan Securities Inc. and Citigroup
              Global Markets Inc., as joint lead arrangers and joint bookrunners;
              and certain lending institutions from time to time parties thereto