Honeywell International Inc. terminated prior credit agreements, entered new 364-Day ($3.0B) and Five-Year ($4.0B) revolving credit facilities, announced Honeywell Aerospace's private offering of up to $16B senior notes, commenced cash tender offers for up to $3.75B USD and €1.25B Euro debt securities, and issued conditional redemption notices for $3.9B USD and €1.4B Euro notes ahead of the planned Aerospace Spin-Off.
Key takeaways
Terminated $3.0B 364-day credit agreement dated March 17, 2025 and $4.0B five-year credit agreement dated March 18, 2024
Entered $3.0B 364-Day Credit Agreement and $4.0B Five-Year Credit Agreement, both dated March 6, 2026, with Bank of America as agent
Honeywell Aerospace commenced private offering of up to $16B senior notes, guaranteed by Honeywell until Spin-Off
Launched tender offers for up to $3.75B USD and €1.25B Euro aggregate purchase price of existing debt securities
Issued conditional redemption notices for $3.9B USD and €1.4B Euro Honeywell notes with make-whole premiums
Entered $6.0B 2026 Term Loan Credit Agreement on March 2, 2026, repayable by March 31, 2026