debt
confidence high
sentiment positive
materiality 0.55
Carrier prices €750M 3.625% notes due 2037; to redeem €750M 4.375% notes due 2025
CARRIER GLOBAL Corp
- Priced €750 million of 3.625% euro-denominated notes due 2037; expected to close November 8, 2024.
- Net proceeds, plus cash on hand, will redeem all €750 million outstanding of its 4.375% Euro 2025 Notes.
- Refinancing reduces coupon by 75 bps and extends maturity by 12 years, lowering annual interest expense.