8-KRegulation FDExhibits & Filings

HONEYWELL INTERNATIONAL INC 8-K Report, Regulation FD Disclosure (Nov 18, 2013)

Filed November 18, 2013For Securities:HONHONIV

Summary

Honeywell International Inc. (HON) announced on November 18, 2013, the commencement of a significant debt offering. The company is seeking to raise capital through the issuance of $700 million in floating rate senior notes due 2015 and $300 million in fixed-rate senior notes due 2023, totaling $1 billion in aggregate principal amount. This move indicates Honeywell's proactive approach to managing its capital structure and funding its operations and strategic initiatives. Investors should note the specific terms of the notes, including the floating rate nature of the 2015 maturity, which suggests a strategy to mitigate interest rate risk for that portion of the debt, and the fixed 3.35% coupon for the longer-dated 2023 notes, providing certainty on interest expense for that tranche.

Key Highlights

  • 1Honeywell commenced an offering of $700 million floating rate senior notes due 2015.
  • 2Honeywell commenced an offering of $300 million 3.35% senior notes due 2023.
  • 3The total aggregate principal amount of the debt offering is $1 billion.
  • 4The filing was made on November 18, 2013, with an event date of November 17, 2013.
  • 5The primary purpose of the filing is to disclose the debt offering via a press release.
  • 6The information is furnished under Regulation FD and not deemed 'filed' for other purposes.

Frequently Asked Questions

This Form 8-K filing is primarily to announce and disclose, under Regulation FD, that Honeywell International Inc. has commenced an offering of $1 billion in senior notes. This includes $700 million of floating rate notes and $300 million of fixed-rate notes.

Honeywell is offering $700 million in floating rate senior notes maturing in 2015 and $300 million in 3.35% senior notes maturing in 2023. This totals $1 billion in debt being raised.

This offering aims to raise capital, likely for general corporate purposes, potential acquisitions, or refinancing existing debt. The mix of floating and fixed-rate debt suggests a strategy to manage interest rate exposure and secure funding for different time horizons.

The press release detailing this debt offering is furnished as Exhibit 99.1 to this Form 8-K filing. Investors can refer to this exhibit for more comprehensive details.