--- schema_version: "secwatch.filing_event.v1" accession: "0000950142-23-001541" form_type: "8-K" ticker: "CARR" cik: "0001783180" company_name: "CARRIER GLOBAL Corp" filed_at: "2023-05-25T23:59:59+00:00" generated_at: "2026-06-14T14:48:24.048946+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Carrier enters $2B revolver, €2.3B term loan to help finance Viessmann acquisition ## Summary - Entered 5-year $2B revolving credit facility, 364-day $500M revolver, and €2.3B delayed draw term loan. - Term loan will finance part of the acquisition of Viessmann climate solutions business (previously announced April 25, 2023). - Prior $2B revolver terminated; bridge loan facility reduced from €8.2B to €5.9B. - Credit agreements include customary covenants and ratings-based pricing. ## SEC filing metadata - accession: 0000950142-23-001541 - form_type: 8-K - ticker: CARR - cik: 0001783180 - company_name: CARRIER GLOBAL Corp - filed_at: 2023-05-25T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/eh230362822_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000950142-23-001541 - JSON: https://secwatch.observer/filing/0000950142-23-001541.json - Plain text: https://secwatch.observer/filing/0000950142-23-001541.txt ## Key facts - Debt Financings CARRIER GLOBAL Corp incurred revolving credit of $2,000,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing May 19, 2028. - Instrument: revolving credit - Principal: $2,000,000,000 - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders - Rate: Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu - Maturity: May 19, 2028 - Event: incurrence source text: A 5-year senior unsecured revolving credit agreement, facilitating borrowings of up to $2 billion, with a maturity date of May 19, 2028 (the “5-Year Revolving Credit Agreement”) evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Debt Financings CARRIER GLOBAL Corp incurred term loan of €2,300,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing Tranche A: 18 months after May 19, 2023 (November 19, 2024); Tranche B: 3 years after May 19, 2023 (May 19, 2026). - Instrument: term loan - Principal: €2,300,000,000 - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders - Rate: Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu - Maturity: Tranche A: 18 months after May 19, 2023 (November 19, 2024); Tranche B: 3 years after May 19, 2023 (May 19, 2026) - Event: incurrence source text: A senior unsecured delayed draw term loan credit agreement that permits borrowings of up to €2.3 billion, which commitments are in two tranches of equal amount: Tranche A, maturing 18 months after the Closing Date, and Tranche B, maturing 3 years after the Closing Date evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Debt Financings CARRIER GLOBAL Corp incurred revolving credit of $500,000,000 with JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders at Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu maturing 364 days from May 19, 2023. - Instrument: revolving credit - Principal: $500,000,000 - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent and various financial institutions as lenders - Rate: Term SOFR Rate plus 0.10% and a ratings-based margin, or Alternate Base Rate plu - Maturity: 364 days from May 19, 2023 - Event: incurrence source text: A 364-day senior unsecured revolving credit agreement, facilitating borrowings of up to $500 million (the “364-Day Revolving Credit Agreement”) evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Material Agreements CARRIER GLOBAL Corp entered into Term Loan Credit Agreement with JPMorgan Chase Bank, N.A. valued at €2,300,000,000 (effective 2023-05-19). - Action: entry - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A. - Value: €2,300,000,000 - Effective: 2023-05-19 source text: 3. A senior unsecured delayed draw term loan credit agreement that permits borrowings of up to €2.3 billion, which commitments are in two tranches of equal amount: Tranche A, maturing 18 months after the Closing Date, and Tranche B, maturing 3 years after the Closing Date (together, the "Term Loan Credit Agreement" evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Material Agreements CARRIER GLOBAL Corp terminated Prior Credit Agreement with various financial institutions valued at $2,000,000,000 (effective 2023-05-19). - Action: termination - Agreement: credit facility - Counterparty: various financial institutions - Value: $2,000,000,000 - Effective: 2023-05-19 source text: Simultaneous with the entry into the New Credit Agreements, the Company terminated its existing revolving credit agreement, initially dated February 10, 2020, and subsequently amended by that certain Amendment No. 1 on June 2, 2020 and Amendment No. 2 on November 15, 2021 (as previously amended, the "Prior Credit Agreement"), which provided for a $2.0 billion senior unsecured revolving credit facility. evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Material Agreements CARRIER GLOBAL Corp entered into 364-Day Revolving Credit Agreement with JPMorgan Chase Bank, N.A. valued at $500,000,000 (effective 2023-05-19). - Action: entry - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A. - Value: $500,000,000 - Effective: 2023-05-19 source text: 2. A 364-day senior unsecured revolving credit agreement, facilitating borrowings of up to $500 million (the "364-Day Revolving Credit Agreement"), evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm - Material Agreements CARRIER GLOBAL Corp entered into 5-Year Revolving Credit Agreement with JPMorgan Chase Bank, N.A. valued at $2,000,000,000 (effective 2023-05-19). - Action: entry - Agreement: credit facility - Counterparty: JPMorgan Chase Bank, N.A. - Value: $2,000,000,000 - Effective: 2023-05-19 source text: On May 19, 2023, Carrier Global Corporation (the "Company") entered into the following credit agreements: 1. A 5-year senior unsecured revolving credit agreement, facilitating borrowings of up to $2 billion, with a maturity date of May 19, 2028 (the "5-Year Revolving Credit Agreement"), evidence_url: https://www.sec.gov/Archives/edgar/data/1783180/000095014223001541/0000950142-23-001541-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.