debt
confidence high
sentiment neutral
materiality 0.50
Carrier Global calls €750M of 4.375% notes due 2025; launches €750M notes due 2037
CARRIER GLOBAL Corp
- Carrier delivered conditional notice to redeem all €750M of 4.375% Notes due 2025 on Nov 8, 2024.
- Redemption price is greater of present value at comparable gov bond rate+20bps or 100% of principal, plus accrued interest.
- Financing from new private offering of €750M euro-denominated notes due 2037 and cash on hand; offering commenced Oct 28.
- Redemption conditional on successful completion of offering; notes not registered under Securities Act.