Honeywell Issues New Debt Instruments

Ticker: HON · Form: 8-K · Filed: 2024-07-02T00:00:00.000Z

Sentiment: neutral

Topics: debt-issuance, financing, material-definitive-agreement

TL;DR

Honeywell just dropped a bunch of new debt – notes and a term loan due between 2027 and 2036.

AI Summary

Honeywell International Inc. entered into a material definitive agreement on July 2, 2024, related to the creation of a direct financial obligation. The filing details several senior notes and a term loan, including "A3500 Senior Notes Due 2027", "Euro 2.25 Notes Due 2028", "Euro 3.375 Senior Notes Due 2030", "Euro 75 Term Loan Due 2032", "A3750 Senior Notes Due 2032", "Euro 4.125 Senior Notes Due 2034", and "Euro 3.75 Senior Notes Due 2036".

Why It Matters

Honeywell has secured new financing through various note issuances and a term loan, which could impact its capital structure and future financial flexibility.

Risk Assessment

Risk Level: medium — The issuance of new debt increases Honeywell's financial leverage and obligations, which carries inherent financial risks.

Key Numbers

Key Players & Entities

FAQ

What is the aggregate principal amount of the new debt instruments issued by Honeywell?

The filing does not specify the aggregate principal amounts for each of the listed senior notes and the term loan, only their names and maturity dates.

What is the purpose of these new debt issuances?

The filing indicates the creation of a direct financial obligation but does not explicitly state the purpose for the new debt issuances.

What are the interest rates for the new debt instruments?

The filing lists interest rates for some of the Euro-denominated notes (e.g., Euro 2.25 Notes Due 2028, Euro 3.375 Senior Notes Due 2030, Euro 4.125 Senior Notes Due 2034, Euro 3.75 Senior Notes Due 2036) but not for all.

Are there any covenants associated with these new debt obligations?

The filing does not detail specific covenants associated with these new debt instruments.

When did Honeywell enter into these agreements?

Honeywell entered into these agreements on July 2, 2024.

From the Filing

0001193125-24-174346.txt : 20240702 0001193125-24-174346.hdr.sgml : 20240702 20240702162003 ACCESSION NUMBER: 0001193125-24-174346 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240702 ITEM INFORMATION: Entry into 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: 20240702 DATE AS OF CHANGE: 20240702 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: 241095634 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 d447517d8k.htm 8-K 8-K HONEYWELL INTERNATIONAL INC false 0000773840 0000773840 2024-07-02 2024-07-02 0000773840 us-gaap:CommonStockMember 2024-07-02 2024-07-02 0000773840 hon:A3500SeniorNotesDue2027Member 2024-07-02 2024-07-02 0000773840 hon:Euro225NotesDue2028Member 2024-07-02 2024-07-02 0000773840 hon:Euro3.375SeniorNotesDue2030Member 2024-07-02 2024-07-02 0000773840 hon:Euro75TermLoanDue2032Member 2024-07-02 2024-07-02 0000773840 hon:A3750SeniorNotesDue2032Member 2024-07-02 2024-07-02 0000773840 hon:Euro4125SeniorNotesDue2034Member 2024-07-02 2024-07-02 0000773840 hon:Euro3.75SeniorNotesDue2036Member 2024-07-02 2024-07-02     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 - July 2, 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 Indic

View on Read The Filing