Honeywell Secures $750M Term Loan

Ticker: HON · Form: 8-K · Filed: 2024-06-11T00:00:00.000Z

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.

From the Filing

0000773840-24-000069.txt : 20240611 0000773840-24-000069.hdr.sgml : 20240611 20240611161936 ACCESSION NUMBER: 0000773840-24-000069 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240607 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240611 DATE AS OF CHANGE: 20240611 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: 241036038 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 hon-20240607.htm 8-K hon-20240607 FALSE 0000773840 0000773840 2024-06-07 2024-06-07 0000773840 us-gaap:CommonStockMember 2024-06-07 2024-06-07 0000773840 hon:A3500SeniorNotesDue2027Member 2024-06-07 2024-06-07 0000773840 hon:Euro225NotesDue2028Member 2024-06-07 2024-06-07 0000773840 hon:Euro3.375SeniorNotesDue2030Member 2024-06-07 2024-06-07 0000773840 hon:Euro75TermLoanDue2032Member 2024-06-07 2024-06-07 0000773840 hon:A3750SeniorNotesDue2032Member 2024-06-07 2024-06-07 0000773840 hon:Euro4125SeniorNotesDue2034Member 2024-06-07 2024-06-07 0000773840 hon:Euro3.75SeniorNotesDue2036Member 2024-06-07 2024-06-07 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 – June 7, 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 3.375% Senior Notes due 2030 HON 30 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 3.750% Senior Notes due 2036 HON 36 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-2 of this chapter). Emerging Growth Company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use th