secwatch.observer — SEC 8-K summary
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Issuer:     CARRIER GLOBAL Corp (CARR)
CIK:        0001783180
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001783180-24-000049
Event type: debt
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carrier enters $500M 364-day credit facility, replaces prior $500M revolver
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- New $500M 364-day senior unsecured revolving credit agreement dated May 17, 2024, with JPMorgan as administrative agent.
- Facility supports cash requirements; borrowings allowed in USD or Euros at Term SOFR+0.10% or EURIBOR plus ratings-based margin.
- Prior $500M 364-day credit agreement (May 19, 2023) terminated concurrently with new facility.
- Includes customary covenants and a 1% term-out option to extend maturity by one year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783180/000178318024000049/0001783180-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783180/000178318024000049/carr-20240517.htm
  HTML page:      https://secwatch.observer/filing/0001783180-24-000049

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