Summary
Honeywell International Inc. (HON) announced on August 16, 2021, the completion of a public offering of senior notes, raising a total of $2.5 billion. The offering consisted of $1 billion in 1.100% Senior Notes due 2027 and $1.5 billion in 1.750% Senior Notes due 2031. This action is a key part of the company's capital management strategy, likely aimed at financing ongoing operations, potential acquisitions, or refinancing existing debt. Investors should note the specific interest rates and maturity dates of these notes, as they represent new long-term debt obligations for the company. The issuance was conducted under an existing shelf registration statement, indicating a well-established framework for capital raising. The details of the indenture and the forms of the notes are available as exhibits to this filing.
Key Highlights
- 1Honeywell successfully completed a public offering of $2.5 billion in aggregate principal amount of senior notes.
- 2The offering includes $1 billion of 1.100% Senior Notes due 2027.
- 3The offering also includes $1.5 billion of 1.750% Senior Notes due 2031.
- 4The issuance was made under Honeywell's existing Form S-3 shelf registration statement filed in December 2018.
- 5The notes were issued under the terms of an established Indenture, as amended.
- 6The filing includes legal opinions regarding the issuance and sale of the notes as exhibits.