Carrier Global Corp. Enters Material Definitive Agreement

Ticker: CARR · Form: 8-K · Filed: 2024-11-08T00:00:00.000Z

Sentiment: neutral

Topics: debt, financing, agreement

TL;DR

Carrier Global Corp. just signed a big deal, likely involving their 2025, 2028, and 2032 notes.

AI Summary

On November 8, 2024, Carrier Global Corp. entered into a material definitive agreement related to its financial obligations. The company is involved with several series of notes, including those due in 2025, 2028, and 2032, with coupon rates of 4.375%, 4.125%, and 4.500% respectively. This filing also includes financial statements and exhibits.

Why It Matters

This filing indicates Carrier Global Corp. is engaging in significant financial transactions, potentially impacting its debt structure and future financial flexibility.

Risk Assessment

Risk Level: medium — Material definitive agreements and changes in financial obligations can introduce financial risks related to debt covenants, interest rate fluctuations, and overall company leverage.

Key Numbers

Key Players & Entities

FAQ

What is the specific nature of the material definitive agreement entered into by Carrier Global Corp. on November 8, 2024?

The filing indicates the entry into a material definitive agreement and creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in this summary.

What are the terms of the notes mentioned in the filing?

The filing references notes with coupon rates of 4.375% due in 2025, 4.125% due in 2028, and 4.500% due in 2032.

What is the primary purpose of this 8-K filing?

The primary purpose is to report the entry into a material definitive agreement and related financial obligations, as well as to file financial statements and exhibits.

When was Carrier Global Corp. previously known by another name?

Carrier Global Corp. was formerly known as Carrier Global Corp. and the date of name change was July 22, 2019.

What is Carrier Global Corp.'s standard industrial classification?

Carrier Global Corp.'s standard industrial classification is AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP, with the code 3585.

From the Filing

0000950142-24-002699.txt : 20241108 0000950142-24-002699.hdr.sgml : 20241108 20241108074014 ACCESSION NUMBER: 0000950142-24-002699 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241108 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: 20241108 DATE AS OF CHANGE: 20241108 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: 241438029 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 eh240553284_8k.htm FORM 8-K FORM 8-K false 0001783180 0001783180 2024-11-08 2024-11-08 0001783180 CARR:CommonStock0.01ParValueMember 2024-11-08 2024-11-08 0001783180 CARR:Sec4.375NotesDue2025Member 2024-11-08 2024-11-08 0001783180 CARR:Sec4.125NotesDue2028Member 2024-11-08 2024-11-08 0001783180 CARR:Sec4.500NotesDue2032Member 2024-11-08 2024-11-08 iso4217:USD xbrli:shares iso4217:USD xbrli:shares false 0001783180 0001783180 2024-06-03 2024-06-03 0001783180 CARR:CommonStock0.01ParValueMember 2024-06-03 2024-06-03 0001783180 CARR:Sec4.375NotesDue2025Member 2024-06-03 2024-06-03 0001783180 CARR:Sec4.125NotesDue2028Member 2024-06-03 2024-06-03 0001783180 CARR:Sec4.500NotesDue2032Member 2024-06-03 2024-06-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares   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): November 8, 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

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