Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CARRIER GLOBAL Corp incurred revolving credit of $500 million with JPMorgan Chase Bank, N.A., as administrative agent at Term SOFR Rate plus 0.10% and a ratings-based margin maturing 364 days.
- Instrument
- revolving credit
- Principal
- $500 million
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent
- Rate
- Term SOFR Rate plus 0.10% and a ratings-based margin
- Maturity
- 364 days
- Event
- incurrence
Exact text from the filing
On May 17, 2024, Carrier Global Corporation (the "Company") refinanced and replaced a Prior Credit Agreement (as defined below) by entering into a 364-day senior unsecured revolving credit agreement among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, facilitating borrowings of up to $500 million (the "Credit Agreement").
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CARRIER GLOBAL Corp terminated 364-day senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. valued at $500 million prior credit facility (effective 2024-05-17).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $500 million prior credit facility
- Effective
- 2024-05-17
Exact text from the filing
Simultaneous with the entry into the Credit Agreement, the Company terminated its existing 364-day senior unsecured revolving credit agreement, dated as of May 19, 2023 (the “Prior Credit Agreement”) among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, which provided for a $500 million senior unsecured 364-day revolving credit facility.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CARRIER GLOBAL Corp entered into 364-day senior unsecured revolving credit agreement with JPMorgan Chase Bank, N.A. valued at $500 million (effective 2024-05-17).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A.
- Value
- $500 million
- Effective
- 2024-05-17
Exact text from the filing
On May 17, 2024, Carrier Global Corporation (the “Company”) refinanced and replaced a Prior Credit Agreement (as defined below) by entering into a 364-day senior unsecured revolving credit agreement among the Company and Carrier Intercompany Lending Designated Activity Company as borrowers, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, facilitating borrowings of up to $500 million (the “Credit Agreement”).
View on SEC.gov