Carrier Global Corp Enters New Debt Agreements

Ticker: CARR · Form: 8-K · Filed: 2024-05-17T00:00:00.000Z

Sentiment: neutral

Topics: debt, financing, agreement

TL;DR

Carrier Global Corp just refinanced some of its debt with new notes due 2025, 2028, and 2032.

AI Summary

On May 17, 2024, Carrier Global Corporation entered into a material definitive agreement related to its A4.375% Notes due 2025, A4.125% Notes due 2028, and A4.500% Notes due 2032. The company also reported the termination of a material definitive agreement and the creation of a direct financial obligation.

Why It Matters

Carrier Global Corporation is adjusting its debt structure, which could impact its financial leverage and future borrowing costs.

Risk Assessment

Risk Level: medium — Changes in debt agreements and financial obligations can introduce financial risks related to interest rates and repayment terms.

Key Numbers

Key Players & Entities

FAQ

What specific material definitive agreement was entered into by Carrier Global Corporation?

The filing indicates the entry into a material definitive agreement related to its A4.375% Notes due 2025, A4.125% Notes due 2028, and A4.500% Notes due 2032.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is May 17, 2024.

What other significant event, besides entering into an agreement, is reported?

The company also reported the termination of a material definitive agreement.

What type of financial obligation was created by Carrier Global Corporation?

Carrier Global Corporation created a direct financial obligation or an obligation under an off-balance sheet arrangement.

What is the state of incorporation for Carrier Global Corporation?

Carrier Global Corporation is incorporated in Delaware.

From the Filing

0001783180-24-000049.txt : 20240517 0001783180-24-000049.hdr.sgml : 20240517 20240517161553 ACCESSION NUMBER: 0001783180-24-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240517 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: 20240517 DATE AS OF CHANGE: 20240517 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARRIER GLOBAL Corp CENTRAL INDEX KEY: 0001783180 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 834051582 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39220 FILM NUMBER: 24959897 BUSINESS ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 BUSINESS PHONE: 5613652000 MAIL ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 FORMER COMPANY: FORMER CONFORMED NAME: Carrier Global Corp DATE OF NAME CHANGE: 20190722 8-K 1 carr-20240517.htm 8-K carr-20240517 FALSE 0001783180 0001783180 2024-05-17 2024-05-17 0001783180 us-gaap:CommonStockMember 2024-05-17 2024-05-17 0001783180 carr:A4.375NotesDue2025Member 2024-05-17 2024-05-17 0001783180 carr:A4.125NotesDue2028Member 2024-05-17 2024-05-17 0001783180 carr:A4.500NotesDue2032Member 2024-05-17 2024-05-17 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 (Date of earliest event reported): May 17, 2024 CARRIER GLOBAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 001-39220 83-4051582 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 13995 Pasteur Boulevard Palm Beach Gardens Florida 33418 (Address of principal executive offices, including zip code) (561) 365-2000 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report) 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 ($0.01 par value) CARR New York Stock Exchange 4.375% Notes due 2025 CARR25 New York Stock Exchange 4.125% Notes due 2028 CARR28 New York Stock Exchange 4.500% Notes due 2032 CARR32 New York Stock Exchange 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-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ Section 1—Registrant’s Business and Operations Item 1.01    Entry into a Material Definitive Agreement. On May 17, 2024, Carrier Global Corp

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