Honeywell Secures $750M Term Loan
Ticker: HON · Form: 8-K · Filed: Jun 11, 2024 · CIK: 773840
| Field | Detail |
|---|---|
| Company | Honeywell International INC (HON) |
| Form Type | 8-K |
| Filed Date | Jun 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing
TL;DR
Honeywell just inked a $750M loan due 2032. More ammo for growth or buybacks.
AI Summary
Honeywell International Inc. announced on June 7, 2024, that it has entered into a new credit agreement for a $750 million term loan due in 2032. This action is part of the company's ongoing financing activities and is detailed in their latest 8-K filing.
Why It Matters
This new credit facility provides Honeywell with significant financial flexibility, potentially impacting its ability to fund operations, acquisitions, or shareholder returns.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit agreement, not indicating any immediate financial distress or significant operational change.
Key Numbers
- $750M — Term Loan (New credit facility secured by Honeywell)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — Registrant
- $750 million (dollar_amount) — Amount of the new term loan
- 2032 (date) — Maturity year of the term loan
- June 7, 2024 (date) — Date of the earliest event reported
FAQ
What is the purpose of the new $750 million term loan?
The filing does not explicitly state the purpose of the term loan, but it is a standard financing activity for a company of Honeywell's size.
When is the new term loan due?
The new term loan is due in 2032.
What other debt instruments are mentioned in the filing?
The filing also references various senior notes due in 2027, 2028, 2030, 2032, 2034, and 2036, as well as a Euro 2.25 Notes Due 2028 and Euro 3.375 Senior Notes Due 2030.
What is the ticker symbol for Honeywell International Inc.?
The filing does not explicitly state the ticker symbol, but Honeywell International Inc. is a publicly traded company.
What is the SIC code for Honeywell International Inc.?
The Standard Industrial Classification (SIC) code for Honeywell International Inc. is 3724, which corresponds to Aircraft Engines & Engine Parts.
Filing Stats: 688 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-06-11 16:19:36
Key Financial Figures
- $1 — ich registered Common Stock, par value $1 per share HON The Nasdaq Stock Market L
Filing Documents
- hon-20240607.htm (8-K) — 43KB
- 0000773840-24-000069.txt ( ) — 235KB
- hon-20240607.xsd (EX-101.SCH) — 4KB
- hon-20240607_def.xml (EX-101.DEF) — 9KB
- hon-20240607_lab.xml (EX-101.LAB) — 35KB
- hon-20240607_pre.xml (EX-101.PRE) — 19KB
- hon-20240607_htm.xml (XML) — 8KB
01 Other Events
Item 8.01 Other Events On June 7, 2024, the Board of Directors of Honeywell International Inc. (the "Company") changed the leadership of its Audit Committee and its Corporate Governance and Responsibility Committee as follows: (i) Michael W. Lamach was appointed to replace D. Scott Davis as Chair of the Audit Committee; Mr. Davis shall continue to serve as a member of the Audit Committee; and (ii) Mr. Davis was appointed to replace William S. Ayer as Chair of the Corporate Governance and Responsibility Committee. Mr. Ayer, as independent Lead Director, shall serve as an ex officio member of each of the Company's standing committees: Audit Committee, Corporate Governance and Responsibility Committee and Management Development and Compensation Committee. Such appointments were effective as of June 7, 2024. Set forth below is a list of the directors serving on the Company's Board of Directors and their respective committee memberships following the changes described above: Director Name Position(s) Committee Membership(s) Duncan B. Angove Independent Director CGRC, MDCC William S. Ayer Independent Director (Lead Director) Ex Officio : Audit, CGRC, MDCC Kevin Burke Independent Director Audit D. Scott Davis Independent Director and CGRC Chair Audit, CGRC Deborah Flint Independent Director CGRC, MDCC Vimal Kapur Chairman and CEO None Michael W. Lamach Independent Director and Audit Chair Audit Rose Lee Independent Director MDCC Grace Lieblein Independent Director and MDCC Chair CGRC, MDCC Robin L. Washington Independent Director Audit Robin Watson Independent Director Audit Audit – Audit Committee CGRC – Corporate Governance and Responsibility Committee MDCC – Management Development and Compensation Committee 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 11, 2024 HONEYWELL IN