Honeywell Issues New Debt, Elects Directors
Ticker: HON · Form: 8-K · Filed: 2025-02-18T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, corporate-governance, financing
TL;DR
Honeywell just dropped new debt and swapped some board members. Big financing moves ahead.
AI Summary
Honeywell International Inc. announced on February 14, 2025, the issuance of new senior notes and a term loan facility. These include "A3500 Senior Notes Due 2027", "Euro225 Notes Due 2028", "Euro3.375 Senior Notes Due 2030", "Euro75 Term Loan Due 2032", "A3750 Senior Notes Due 2032", "Euro4125 Senior Notes Due 2034", and "Euro3.75 Senior Notes Due 2036". The filing also notes the departure of directors or certain officers and the election of new directors.
Why It Matters
This filing indicates Honeywell is raising capital through new debt issuances and potentially restructuring its board, which could impact its financial leverage and corporate governance.
Risk Assessment
Risk Level: medium — The issuance of new debt increases financial leverage, and changes in directorship can signal strategic shifts or governance adjustments.
Key Numbers
- 20250214 — Report Date (Date of the 8-K filing)
- 20250218 — Filing Date (Date the report was officially filed with the SEC)
Key Players & Entities
- HONEYWELL INTERNATIONAL INC (company) — Filer
- A3500 Senior Notes Due 2027 (dollar_amount) — Debt issuance
- Euro225 Notes Due 2028 (dollar_amount) — Debt issuance
- Euro3.375 Senior Notes Due 2030 (dollar_amount) — Debt issuance
- Euro75 Term Loan Due 2032 (dollar_amount) — Debt issuance
- A3750 Senior Notes Due 2032 (dollar_amount) — Debt issuance
- Euro4125 Senior Notes Due 2034 (dollar_amount) — Debt issuance
- Euro3.75 Senior Notes Due 2036 (dollar_amount) — Debt issuance
FAQ
What is the aggregate principal amount of the new debt issuances?
The filing lists several debt instruments with specific maturities and coupon rates (e.g., 'A3500 Senior Notes Due 2027', 'Euro225 Notes Due 2028'), but the aggregate principal amount is not explicitly stated in this excerpt.
What are the specific reasons for these new debt issuances?
The filing does not explicitly state the specific reasons for the new debt issuances, but such actions are typically for general corporate purposes, acquisitions, or refinancing existing debt.
Who are the directors or officers departing from Honeywell?
The filing mentions the 'Departure of Directors or Certain Officers' as an item, but the names of the individuals are not provided in this excerpt.
Who are the newly elected directors?
The filing indicates the 'Election of Directors' as an item, but the names of the newly elected directors are not specified in this excerpt.
What is the purpose of the 'Euro75 Term Loan Due 2032'?
The filing identifies 'Euro75 Term Loan Due 2032' as a debt instrument, but the specific purpose or use of these funds is not detailed in this excerpt.
From the Filing
0000773840-25-000014.txt : 20250218 0000773840-25-000014.hdr.sgml : 20250218 20250218161821 ACCESSION NUMBER: 0000773840-25-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250214 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250218 DATE AS OF CHANGE: 20250218 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: 25635136 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-20250214.htm FORM 8-K hon-20250214 FALSE 0000773840 0000773840 2025-02-14 2025-02-14 0000773840 us-gaap:CommonStockMember 2025-02-14 2025-02-14 0000773840 hon:A3500SeniorNotesDue2027Member 2025-02-14 2025-02-14 0000773840 hon:Euro225NotesDue2028Member 2025-02-14 2025-02-14 0000773840 hon:Euro3.375SeniorNotesDue2030Member 2025-02-14 2025-02-14 0000773840 hon:Euro75TermLoanDue2032Member 2025-02-14 2025-02-14 0000773840 hon:A3750SeniorNotesDue2032Member 2025-02-14 2025-02-14 0000773840 hon:Euro4125SeniorNotesDue2034Member 2025-02-14 2025-02-14 0000773840 hon:Euro3.75SeniorNotesDue2036Member 2025-02-14 2025-02-14 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 REP ORT – February 14, 2025 (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 Securiti