secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950142-24-001538
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carrier closes $4.95B sale to Honeywell, repays €2.3B facility, redeems $1.0B notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000095014224001538/0000950142-24-001538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000095014224001538/eh240490043_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-24-001538

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer