HONEYWELL INTERNATIONAL INC (HON): debt financing — Honeywell signs $1.5B 364-day and $4.0B 5-year credit facilities, terminates prior $1.5B facility

HONEYWELL INTERNATIONAL INC

$1.5B 364-day revolving credit facility entered March 18, 2024, matures March 17, 2025, with term-loan conversion option to March 17, 2026.
$4.0B 5-year amended and restated revolving credit facility (expandable to $4.5B) matures March 18, 2029; replaces prior $4.0B facility (no borrowings outstanding).
Prior $1.5B 364-day credit agreement dated March 20, 2023 terminated on March 18, 2024.
Both facilities have no financial covenants, do not restrict dividends; for general corporate purposes.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HONEYWELL INTERNATIONAL INC incurred revolving credit of $1.5 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents at prevailing market rates, plus a margin maturing March 17, 2025.

Instrument: revolving credit
Principal: $1.5 billion
Counterparty: Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents
Rate: prevailing market rates, plus a margin
Maturity: March 17, 2025
Event: incurrence

Exact text from the filing

provides for revolving credit commitments in an aggregate principal amount of $1.5 billion

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HONEYWELL INTERNATIONAL INC incurred revolving credit of $4.0 billion with Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents at prevailing market rates, plus a margin maturing March 18, 2029.

Instrument: revolving credit
Principal: $4.0 billion
Counterparty: Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents
Rate: prevailing market rates, plus a margin
Maturity: March 18, 2029
Event: incurrence

Exact text from the filing

as syndication agents, and the documentation agents named therein. The 5-Year Credit Agreement provides for revolving credit commitments in an aggregate principal amount of $4.0 billion and is maintained for general corporate purposes. Commitments under the 5-Year Credit Agreement can be increased pursuant to the terms of the 5-Year Credit Agreement to an

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

HONEYWELL INTERNATIONAL INC entered into Amended and Restated Five Year Credit Agreement with Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association valued at revolving credit commitments in aggregate principal amount of $4.0 billion, can be increased to $4.5 (effective 2024-03-18).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association
Value: revolving credit commitments in aggregate principal amount of $4.0 billion, can be increased to $4.5
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Honeywell entered into an Amended and Restated Five Year Credit Agreement (the “ 5-Year Credit Agreement ”) with the banks, financial institutions, and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, Bank of America, N.A., as swing line agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents, and the documentation agents named therein.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

HONEYWELL INTERNATIONAL INC entered into 364-Day Credit Agreement with Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association valued at revolving credit commitments in aggregate principal amount of $1.5 billion for general corporate pur (effective 2024-03-18).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A., JPMorgan Chase Bank, N.A., Wells Fargo Bank, National Association
Value: revolving credit commitments in aggregate principal amount of $1.5 billion for general corporate pur
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Honeywell International Inc. (“ Honeywell ”) entered into a 364-Day Credit Agreement (the “ 364-Day Credit Agreement ”) with the banks, financial institutions and other institutional lenders party thereto, Bank of America, N.A., as administrative agent, and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as syndication agents, and the documentation agents named therein.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

HONEYWELL INTERNATIONAL INC terminated $1.5 billion 364-day credit agreement dated as of March 20, 2023 with Bank of America, N.A. valued at termination of commitments under the prior credit agreement (effective 2024-03-18).

Action: termination
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: termination of commitments under the prior credit agreement
Effective: 2024-03-18

Exact text from the filing

On March 18, 2024, Honeywell terminated the commitments under its $1.5 billion 364-day credit agreement dated as of March 20, 2023, among Honeywell, the lenders party thereto and Bank of America, N.A., as administrative agent.

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Source: SEC EDGAR

accession 0001193125-24-071322

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