other material
confidence high
sentiment positive
materiality 0.75
Carrier closes $4.95B sale to Honeywell, repays €2.3B facility, redeems $1.0B notes
CARRIER GLOBAL Corp
- Completed sale of Global Access Solutions to Honeywell for $4.95B enterprise value.
- Repaid €2.3B delayed draw facility used for Viessmann acquisition; terminated credit agreement.
- Issued notice to redeem all $1.0B of 5.800% Notes due 2025 on June 13, 2024.
- Net proceeds to pay down debt, target ~2x net leverage by end of 2024, resume share repurchases in 2024.