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Form 8-K · Current Report · Filed 2024-03-19

Honeywell Enters New Credit Agreements and Terminates Prior Agreement

On March 18, 2024, Honeywell International Inc.

Filer
Honeywell International Inc. HON · NASDAQ
Filed
Accession
0001193125-24-071322
CIK
0000773840
Signal
Medium impactIndustrials

Details

entered into a new 364-Day Credit Agreement for $1.5 billion and an Amended and Restated Five-Year Credit Agreement for up to $4.5 billion. Simultaneously, the company terminated its prior 364-day credit agreement. These agreements provide revolving credit commitments for general corporate purposes with terms extending up to March 17, 2026, and March 18, 2029, respectively. No financial covenants or restrictions on dividends are imposed by the agreements.

Items reported

Item 1.01

Entry into a Material Definitive Agreement

Financial Instrument Agreement New Major Contract
Item 1.02

Termination of a Material Definitive Agreement

Contract Termination
Item 2.03

Creation of a Direct Financial Obligation

Credit Facility Entered New Debt Issued
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$185.45

Next session

+2.2%

Since filing

+31.1%

Latest close

$243.05

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from HON reporting the same item, with the next session's move:

Exhibits (2)

About Honeywell International Inc.

Honeywell International Inc. is a diversified technology and manufacturing corporation, operating globally across various sectors. Its primary function is to provide innovative solutions in aerospace products and services, building technologies, performance materials, and safety and productivity solutions. Honeywell is renowned for its cutting-edge advancements in thermal systems, automation control, and industrial cybersecurity, supplying essential components across residential, commercial, and industrial domains. In the aerospace sector, Honeywell is instrumental in developing technologies for aircraft engines, cockpit systems, and manufacturing efficiency for both commercial and military clients. In building technologies, it focuses on energy-efficient solutions and smart building systems that enhance safety and comfort. Its performance materials division delivers high-performance materials essential for advanced manufacturing, including specialty chemicals and plastics. The safety and productivity solutions expand into workflow efficiency, offering software and hardware that enhance operational processes in various industries. Positioned as a key player in industrial innovation, Honeywell International Inc. significantly impacts wide-ranging industries, enhancing economic growth and sustainability through its strategic technological advancements. The company's global reach underscores its influence and importance in modern manufacturing and technology ecosystems.

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