8-KFinancial EventsExhibits & Filings

HONEYWELL INTERNATIONAL INC 8-K Report, Financial Obligation (Aug 17, 2021)

Filed August 17, 2021For Securities:HONHONIV

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.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report on the completion of Honeywell's public offering of $2.5 billion in senior notes, which constitutes a direct financial obligation for the company.

Honeywell raised a total of $2.5 billion. This consists of $1 billion in notes maturing in 2027 with a coupon rate of 1.100%, and $1.5 billion in notes maturing in 2031 with a coupon rate of 1.750%.

Yes, the issuance of $2.5 billion in new debt increases Honeywell's total outstanding debt and, consequently, its financial leverage. Investors should monitor the company's debt-to-equity ratio and interest coverage ratios in future filings.

More detailed information about the terms of the notes can be found in the exhibits to this Current Report on Form 8-K, specifically the Indenture, the first and second supplemental indentures, and the forms of the respective senior notes.