debt
confidence high
sentiment neutral
materiality 0.60
Carrier issues €750M 3.625% notes due 2037, redeems €756M of 4.375% notes due 2025
CARRIER GLOBAL Corp
- Issued €750M aggregate principal of 3.625% euro-denominated notes due 2037.
- Net proceeds plus cash used to redeem all €756M of 4.375% notes due 2025 (CARR25) at €770.655M.
- Redemption price calculated as present value at comparable government bond rate + 20 bps, plus accrued interest.
- Notes are unsecured, subject to make-whole redemption before Oct 2036, and include change-of-control put at 101%.
- Entered Registration Rights Agreement to exchange Notes for registered notes or provide shelf registration.