secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2023-12-08T23:59:59+00:00
Accession:  0001140361-23-056751
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carrier to sell Global Access Solutions to Honeywell for $4.95B
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- Enterprise value $4.95B, representing ~17x 2023 expected EBITDA.
- Net proceeds ~$4B to be used to pay down debt; share repurchases resume when net leverage ~2x EBITDA.
- Expected close before end of Q3 2024, subject to regulatory approvals and customary conditions.
- Business includes LenelS2, Supra, Onity brands; ~1,200 employees in 33 countries.
- First step in portfolio transformation; planned exits of Industrial Fire, Commercial Fire, and Commercial Refrigeration cabinet businesses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000114036123056751/0001140361-23-056751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000114036123056751/ef20016164_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-056751

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