secwatch.observer — SEC 8-K summary
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Issuer:     HONEYWELL INTERNATIONAL INC (HON)
CIK:        0000773840
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001193125-25-115181
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Honeywell enters $6B term loan facility to fund separation into three public companies
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- $6B delayed draw term loan: $4B Tranche A-1 (expires May 30) and $2B Tranche A-2 (expires Dec 19, 2025).
- Funds Honeywell's separation of Automation, Aerospace and Solstice Advanced Materials into three independent public cos.
- No financial covenants; dividend payments unrestricted. Interest based on SOFR plus margin (0.875%-1.125%).
- Ticking fee on unused commitments: 0.07%-0.11% per annum based on credit rating.
- Administrative agent: Bank of America; syndication agents include JPMorgan, Wells Fargo, Citibank, Goldman, Mizuho.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/773840/000119312525115181/0001193125-25-115181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/773840/000119312525115181/d901112d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-115181

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