Carrier Global Corporation
Carrier Global Terminates Credit Agreement and Announces Redemption of Notes
Summary
On June 3, 2024, Carrier Global Corporation terminated its senior unsecured delayed draw term loan credit agreement with JPMorgan Chase Bank, N.A., following the repayment of the full amount using proceeds from the sale of its Global Access Solutions business to Honeywell International Inc. Concurrently, the Company announced the redemption of all outstanding 5.800% Notes due 2025 for cash on June 13, 2024. The redemption price will be the greater of 100% of the principal amount or the present values of the remaining scheduled payments of principal and interest, discounted to the redemption date.
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About Carrier Global Corporation
Carrier Global Corporation is a leading provider of heating, ventilating, and air conditioning (HVAC), refrigeration, and fire and security solutions on a global scale. Its primary function revolves around creating a comfortable, safe, and sustainable environment by delivering high-technology HVAC and refrigeration solutions. Originating from the historic invention of the modern air conditioner in 1902, Carrier has continued to be at the forefront of HVAC innovation. The company’s offerings are vital across various sectors, impacting residential, commercial, industrial, and transportation markets by ensuring energy-efficient, reliable climate control systems. Carrier Global Corporation also emphasizes smart and hands-off security solutions, offering products that integrate advanced technologies to protect businesses and homes. In the financial market, Carrier holds a significant position as a part of the S&P 500 index, denoting its substantial market capitalization and influence. Through its continuous commitment to innovation and sustainability, Carrier Global Corporation remains a pivotal entity in addressing global environmental challenges and energy efficiency needs.
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