Honeywell Issues Multiple Senior Notes
Ticker: HON · Form: 8-K · Filed: Aug 12, 2024 · CIK: 773840
| Field | Detail |
|---|---|
| Company | Honeywell International INC (HON) |
| Form Type | 8-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $1.0 billion, $1.5 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
TL;DR
Honeywell just dropped a bunch of new debt, ranging from 2027 to 2036 with varying rates.
AI Summary
Honeywell International Inc. entered into a material definitive agreement on August 12, 2024, related to the issuance of various senior notes. These include Euro Notes due 2027, Euro Notes due 2028, Senior Notes due 2030, Senior Notes due 2032 (two series), Senior Notes due 2034, and Senior Notes due 2036, with coupon rates ranging from 0.750% to 4.125%. The filing also indicates the termination of a material definitive agreement and the creation of direct financial obligations.
Why It Matters
This filing details Honeywell's new debt issuances, which could impact its capital structure and future financial flexibility.
Risk Assessment
Risk Level: low — The filing primarily concerns debt issuance and termination of agreements, which are standard corporate financial activities.
Key Numbers
- 2027 — Maturity Year (Euro Notes maturity)
- 2028 — Maturity Year (Euro Notes maturity)
- 2030 — Maturity Year (Senior Notes maturity)
- 2032 — Maturity Year (Senior Notes maturity (two series))
- 2034 — Maturity Year (Senior Notes maturity)
- 2036 — Maturity Year (Senior Notes maturity)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — Filer
- ALLIEDSIGNAL INC (company) — Former Company Name
- 0.750% (dollar_amount) — Coupon rate for Senior Notes due 2032
- 4.125% (dollar_amount) — Coupon rate for Senior Notes due 2034
FAQ
What is the aggregate principal amount of the senior notes issued by Honeywell?
The filing does not specify the aggregate principal amount of the senior notes issued.
What are the specific coupon rates for each series of senior notes?
The filing lists coupon rates including 3.50% for Euro Notes due 2027, 2.25% for Euro Notes due 2028, 3.375% for Senior Notes due 2030, 0.750% and 3.750% for Senior Notes due 2032, 4.125% for Senior Notes due 2034, and 3.750% for Senior Notes due 2036.
What was the reason for the termination of a material definitive agreement?
The filing states the termination of a material definitive agreement but does not provide the specific reason.
When did Honeywell International Inc. change its name from AlliedSignal Inc.?
Honeywell International Inc. changed its name from AlliedSignal Inc. on September 29, 1994.
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: 873 words · 3 min read · ~3 pages · Grade level 9.9 · Accepted 2024-08-12 17:16:55
Key Financial Figures
- $1 — ich registered Common Stock, par value $1 per share HON The Nasdaq Stock Mark
- $1.0 billion — ans in an aggregate principal amount of $1.0 billion and is maintained for general corporate
- $1.5 billion — ll terminated the commitments under its $1.5 billion Second 364-Day Credit Agreement dated a
Filing Documents
- d743374d8k.htm (8-K) — 40KB
- d743374dex101.htm (EX-10.1) — 417KB
- 0001193125-24-199003.txt ( ) — 737KB
- hon-20240812.xsd (EX-101.SCH) — 5KB
- hon-20240812_def.xml (EX-101.DEF) — 15KB
- hon-20240812_lab.xml (EX-101.LAB) — 26KB
- hon-20240812_pre.xml (EX-101.PRE) — 16KB
- d743374d8k_htm.xml (XML) — 12KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed as part of this report: Exhibit # Description 10.1 Fixed Rate Term Loan Credit Agreement, dated as of August 12, 2024, among Honeywell International Inc., the banks, financial institutions, and other institutional lenders parties thereto and Bank of America, N.A., as administrative agent. 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: August 12, 2024 Honeywell International Inc. By: /s/ Su Ping Lu Su Ping Lu Vice President and Corporate Secretary