Summary
Honeywell International Inc. (HON) filed an 8-K on March 14, 2006, to report on the issuance of new debt securities. The company is offering a total of $1.25 billion in notes across three tranches: $300 million in Floating Rate Notes due 2009, $400 million in 5.40% Notes due 2016, and $550 million in 5.70% Notes due 2036. These notes are being issued under existing indentures, with a Third Supplemental Indenture dated March 14, 2006, being a key document for this issuance. The offering is being conducted through an underwriting agreement with Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., and UBS Securities LLC, acting as representatives for the underwriters.
Key Highlights
- 1Honeywell is raising $1.25 billion through the issuance of new notes.
- 2The new debt offering consists of three series: Floating Rate Notes due 2009 ($300M), 5.40% Notes due 2016 ($400M), and 5.70% Notes due 2036 ($550M).
- 3The notes are being issued under existing indentures, with a specific Third Supplemental Indenture dated March 14, 2006, being established for this issuance.
- 4The offering is structured with a prospectus and prospectus supplement dated March 9, 2006.
- 5Key underwriters for the offering include Deutsche Bank Securities Inc., J.P. Morgan Securities Inc., and UBS Securities LLC.
- 6The filing incorporates by reference the Underwriting Agreement, the Third Supplemental Indenture, and the Officer's Certificate related to the notes.