Honeywell Issues Multiple Senior Notes and Euro Notes

Ticker: HON · Form: 8-K · Filed: 2024-03-19T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, senior-notes

TL;DR

Honeywell just dropped a bunch of new debt: Euro Notes due 2027 and various senior notes due 2028 and 2032.

AI Summary

On March 18, 2024, Honeywell International Inc. entered into a material definitive agreement related to the issuance of senior notes. Specifically, the company issued Euro Notes with a 3.50% interest rate due in 2027, and various other senior notes including M2.250% due 2028, M0.750% due 2032, M3.750% due 2032, and Euro Notes with a 4.125% interest rate due in 2034.

Why It Matters

Honeywell's issuance of new debt instruments indicates a strategy to manage its capital structure and fund future operations or investments.

Risk Assessment

Risk Level: low — The filing details the issuance of debt, which is a standard corporate finance activity and does not inherently present immediate high risk.

Key Numbers

Key Players & Entities

FAQ

What is the total principal amount of the senior notes and Euro notes issued by Honeywell?

The filing does not specify the total principal amount of the notes issued, only the interest rates and maturity dates.

What is the purpose of issuing these new senior notes and Euro notes?

The filing states that the issuance of these notes constitutes a direct financial obligation of the registrant, but does not explicitly detail the specific use of proceeds.

When were these material definitive agreements entered into?

The agreements related to the issuance of these notes were entered into as of March 18, 2024.

Are there any specific covenants or restrictions associated with these new debt issuances?

The filing does not provide details on specific covenants or restrictions associated with these notes.

Does this filing indicate any changes in Honeywell's credit rating or financial outlook?

This filing reports the issuance of debt and does not contain information regarding changes in credit ratings or financial outlook.

From the Filing

0001193125-24-071322.txt : 20240319 0001193125-24-071322.hdr.sgml : 20240319 20240319161740 ACCESSION NUMBER: 0001193125-24-071322 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20240318 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HONEYWELL INTERNATIONAL INC CENTRAL INDEX KEY: 0000773840 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 222640650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08974 FILM NUMBER: 24763483 BUSINESS ADDRESS: STREET 1: 855 S. MINT STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 BUSINESS PHONE: 704-627-6200 MAIL ADDRESS: STREET 1: 855 S. MINT STREET CITY: CHARLOTTE STATE: NC ZIP: 28202 FORMER COMPANY: FORMER CONFORMED NAME: ALLIEDSIGNAL INC DATE OF NAME CHANGE: 19940929 8-K 1 d785317d8k.htm 8-K 8-K HONEYWELL INTERNATIONAL INC false 0000773840 0000773840 2024-03-18 2024-03-18 0000773840 us-gaap:CommonStockMember 2024-03-18 2024-03-18 0000773840 hon:EuroNotes350Due2027Member 2024-03-18 2024-03-18 0000773840 hon:M2.250SeniorNotesDue20283Member 2024-03-18 2024-03-18 0000773840 hon:M0.750SeniorNotesDue20321Member 2024-03-18 2024-03-18 0000773840 hon:M3.750SeniorNotesDue20322Member 2024-03-18 2024-03-18 0000773840 hon:EuroNotes4125Due2034Member 2024-03-18 2024-03-18     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     Form 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT - March 18, 2024 (Date of earliest event reported)     HONEYWELL INTERNATIONAL INC. (Exact name of Registrant as specified in its Charter)       Delaware   1-8974   22-2640650 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification Number)   855 S. Mint Street , Charlotte , NC   28202 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (704) 627-6200     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $1 per share   HON   The Nasdaq Stock Market LLC 3.500% Senior Notes due 2027   HON 27   The Nasdaq Stock Market LLC 2.250% Senior Notes due 2028   HON 28A   The Nasdaq Stock Market LLC 0.750% Senior Notes due 2032   HON 32   The Nasdaq Stock Market LLC 3.750% Senior Notes due 2032   HON 32A   The Nasdaq Stock Market LLC 4.125% Senior Notes due 2034   HON 34   The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-

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