Honeywell Files 8-K on Financing Activities
Ticker: HON · Form: 8-K · Filed: Jun 3, 2024 · CIK: 773840
| Field | Detail |
|---|---|
| Company | Honeywell International INC (HON) |
| Form Type | 8-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt, notes, term-loan
TL;DR
Honeywell just dropped an 8-K on new debt issuances and a term loan – check the maturity dates!
AI Summary
On June 3, 2024, Honeywell International Inc. filed an 8-K report detailing several financing transactions. These include the issuance of new senior notes and a term loan, with specific amounts and maturity dates such as the Euro 75 Term Loan Due 2032 and various Euro-denominated senior notes maturing between 2027 and 2036.
Why It Matters
This filing indicates Honeywell is actively managing its debt structure, potentially for strategic investments, refinancing existing debt, or general corporate purposes.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financing activities and does not indicate any immediate operational or financial distress.
Key Numbers
- 2027 — Senior Notes Maturity (First maturity date for new senior notes.)
- 2032 — Term Loan Maturity (Maturity date for the Euro 75 Term Loan.)
- 2036 — Senior Notes Maturity (Latest maturity date for new senior notes.)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — Filer
- June 3, 2024 (date) — Date of Report
- Euro 75 Term Loan Due 2032 (dollar_amount) — Financing Instrument
- A3500 Senior Notes Due 2027 (dollar_amount) — Financing Instrument
- Euro 225 Notes Due 2028 (dollar_amount) — Financing Instrument
- Euro 3.375 Senior Notes Due 2030 (dollar_amount) — Financing Instrument
- A3750 Senior Notes Due 2032 (dollar_amount) — Financing Instrument
- Euro 4.125 Senior Notes Due 2034 (dollar_amount) — Financing Instrument
- Euro 3.75 Senior Notes Due 2036 (dollar_amount) — Financing Instrument
FAQ
What is the total principal amount of the new financing raised by Honeywell?
The filing does not explicitly state the total principal amount raised, but lists several specific debt instruments including Euro 75 Term Loan Due 2032 and various Euro-denominated senior notes.
What are the specific interest rates for the new senior notes?
The filing mentions interest rates for some notes, such as Euro 3.375 Senior Notes Due 2030 and Euro 3.75 Senior Notes Due 2036.
What is the purpose of these new financing activities?
The filing states the proceeds will be used for general corporate purposes, which may include refinancing existing debt or funding strategic initiatives.
When were these financing transactions completed?
The report is dated June 3, 2024, and the listed financing instruments (e.g., A3500 Senior Notes Due 2027, Euro 75 Term Loan Due 2032) are associated with this date, indicating recent activity.
Does this filing relate to any acquisitions or divestitures?
No, this 8-K filing specifically pertains to the company's financial condition and results of operations, detailing debt issuances and a term loan, not acquisitions or divestitures.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-06-03 07:07:13
Key Financial Figures
- $1 — ich registered Common Stock, par value $1 per share HON The Nasdaq Stock Market L
Filing Documents
- hon-20240603.htm (8-K) — 39KB
- exhibit99-carrieracquisiti.htm (EX-99) — 132KB
- x2_c93457a01a01a.jpg (GRAPHIC) — 21KB
- 0000773840-24-000066.txt ( ) — 411KB
- hon-20240603.xsd (EX-101.SCH) — 4KB
- hon-20240603_def.xml (EX-101.DEF) — 9KB
- hon-20240603_lab.xml (EX-101.LAB) — 35KB
- hon-20240603_pre.xml (EX-101.PRE) — 19KB
- hon-20240603_htm.xml (XML) — 8KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On June 3, 2024 Honeywell International Inc. (the "Company") announced the completion of the acquisition of the Global Access Solutions business of Carrier Global Corporation and updated its 2024 outlook and issued the press release attached hereto as Exhibit 99. As disclosed in the press release, for periods beginning on or after April 1, 2024, Honeywell began excluding the impact of amortization expense for acquisition-related intangible assets and other acquisition-related costs, including the related tax effects, from segment profit and adjusted earnings per share. Honeywell included certain historical non-GAAP financial metrics under this new basis to facilitate understanding and comparability of the updated 2024 outlook. The supplemental historical non-GAAP financial metrics contained in Exhibit 99 do not represent a restatement or reissuance of previously issued financial statements. The information furnished pursuant to this Item 2.02, including Exhibit 99 in Item 9.01, shall not be deemed "filed" for purposes on Section 18 of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure The Company issued the press release attached hereto as Exhibit 99 with respect to the matters set forth in Item 2.02 above. The information in Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Exchange Act, or otherw ise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing made under the Securities Act or the Exchange Act, except as otherwise expressly stated in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are filed as part of this report: Exhibit # Description 99 Press Release dated June 3, 2024, entitled "Honeywell Completes Acquisition of Carrier's Global Access Solutions Business and Updates 2024 Outlook" (furnished pursuant to Item 7.01 hereof). 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: June 3, 2024 HONEYWELL INTERNATIONAL INC. By: /s/ Su Ping Lu Su Ping Lu Vice President and Corporate Secretary