Honeywell Issues New Debt Instruments
Ticker: HON · Form: 8-K · Filed: Feb 6, 2025 · CIK: 773840
| Field | Detail |
|---|---|
| Company | Honeywell International INC (HON) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, corporate-action
Related Tickers: HON
TL;DR
Honeywell just dropped a bunch of new debt notes and a term loan. Raising cash.
AI Summary
Honeywell International Inc. announced on February 6, 2025, the issuance of several new debt instruments, including A3500 Senior Notes due 2027, Euro 225 Notes due 2028, Euro Notes 3.375% due 2030, Euro 75 Term Loan due 2032, A3750 Senior Notes due 2032, Euro 4.125% Senior Notes due 2034, and Euro Notes 3.75% due 2036. These issuances are part of the company's ongoing financing activities.
Why It Matters
This filing indicates Honeywell is raising capital through various debt issuances, which could be for general corporate purposes, acquisitions, or refinancing existing debt.
Risk Assessment
Risk Level: medium — Issuing new debt can increase financial leverage and interest expenses, potentially impacting profitability and financial flexibility.
Key Numbers
- 2027 — Maturity Year (A3500 Senior Notes)
- 2028 — Maturity Year (Euro 225 Notes)
- 2030 — Maturity Year (Euro Notes 3.375%)
- 2032 — Maturity Year (Euro 75 Term Loan and A3750 Senior Notes)
- 2034 — Maturity Year (Euro 4.125% Senior Notes)
- 2036 — Maturity Year (Euro Notes 3.75%)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — Filer
- A3500 Senior Notes due 2027 (dollar_amount) — Debt issuance
- Euro 225 Notes due 2028 (dollar_amount) — Debt issuance
- Euro Notes 3.375% due 2030 (dollar_amount) — Debt issuance
- Euro 75 Term Loan due 2032 (dollar_amount) — Debt issuance
- A3750 Senior Notes due 2032 (dollar_amount) — Debt issuance
- Euro 4.125% Senior Notes due 2034 (dollar_amount) — Debt issuance
- Euro Notes 3.75% due 2036 (dollar_amount) — Debt issuance
FAQ
What is the total principal amount of the debt instruments issued by Honeywell?
The filing does not specify the total principal amount for each debt issuance, only the names and maturity dates.
What is the purpose of these new debt issuances?
The filing does not explicitly state the purpose of these issuances, but they are typically for general corporate purposes, refinancing, or strategic initiatives.
What are the interest rates for the new Euro notes?
The filing specifies interest rates for some Euro notes: 3.375% for notes due 2030, 4.125% for notes due 2034, and 3.75% for notes due 2036.
When were these debt instruments issued?
The filing indicates these debt instruments were issued or became effective on February 6, 2025.
Does this filing relate to any specific business segment of Honeywell?
The filing does not specify which business segment these issuances are related to; they are general corporate financing activities.
Filing Stats: 759 words · 3 min read · ~3 pages · Grade level 9.7 · Accepted 2025-02-06 06:04:00
Key Financial Figures
- $1 — ich registered Common Stock, par value $1 per share HON The Nasdaq Stock Market L
Filing Documents
- hon-20250206.htm (8-K) — 39KB
- exhibit991-q42024earningsr.htm (EX-99.1) — 543KB
- exhibit992-winter.htm (EX-99.2) — 25KB
- x2_c93457a01a02a.jpg (GRAPHIC) — 21KB
- x2_c93457a01a02b.jpg (GRAPHIC) — 21KB
- 0000773840-25-000005.txt ( ) — 901KB
- hon-20250206.xsd (EX-101.SCH) — 4KB
- hon-20250206_def.xml (EX-101.DEF) — 9KB
- hon-20250206_lab.xml (EX-101.LAB) — 34KB
- hon-20250206_pre.xml (EX-101.PRE) — 19KB
- hon-20250206_htm.xml (XML) — 8KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition On February 6, 2025, Honeywell International Inc. (the "Company") issued a press release announcing its fourth quarter and full year 2024 earnings, which is furnished herewith as Exhibit 99.1. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 (the "Securities Act") or the Exchange Act.
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On February 6, 2025, the Company issued the press release attached hereto as Exhibit 99.2 with respect to the matters set forth in Item 8.01. The information furnished pursuant to this Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act.
01 Other events
Item 8.01 Other events On February 6, 2025, the Company issued a press release announcing its intention to pursue a full separation of Automation and Aerospace Technologies. The planned separation, coupled with the previously announced plan to spin Advanced Materials, would result in three standalone publicly listed companies. The separation is targeted to be completed in the second half of 2026 and in a manner that is tax-free to the Company's shareholders.
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 99.1 Honeywell International Inc. Earnings Press Release dated February 6 , 2025 99.2 Honeywell International Inc. Press Release dated February 6, 2025 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: February 6, 2025 HONEYWELL INTERNATIONAL INC. By: /s/ Su Ping Lu Su Ping Lu Vice President and Corporate Secretary