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HONEYWELL ANNOUNCES PRICING OF HONEYWELL AEROSPACE'S OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF
CHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that, in connection with the previously announced plan to spin-off
About this update from Honeywell International Inc.
[{"type":"text","content":"CHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that, in connection with the previously announced plan to spin-off (the \"Spin-Off\") Honeywell Aerospace Inc. (\"Aerospace\") from Honeywell, Aerospace has priced a private offering of $1,250,000,000 aggregate principal amount of 3.900% senior notes due 2028 (the \"2028 notes\"), $1,250,000,000 aggregate principal amount of 4.000% senior notes due 2029 (the \"2029 notes\"), $500,000,000 aggregate principal amount of floating rate senior notes due 2029 (the \"2029 floating rate notes\"), $2,000,000,000 aggregate principal amount of 4.300% senior notes due 2031 (the \"2031 notes\"), $1,750,000,000 aggregate principal amount of 4.600% senior notes due 2033 (the \"2033 notes\") and $3,250,000,000 aggregate principal amount of 4.950% senior notes due 2036 (the \"2036 notes\" and, together with the 2028 notes, the 2029 notes, the 2029 floating rate notes, the 2031 notes and the 2033 notes, the \"New Money Notes\"), $1,000,000,000 aggregate principal amount of 5.622% senior notes due 2046 (the \"2046 notes\"), $3,500,000,000 aggregate principal amount of 5.732% senior notes due 2056 (the \"2056 notes\") and $1,500,000,000 aggregate principal amount of 5.852% senior notes due 2066 (the \"2066 notes\" and, together with the 2046 notes and the 2056 notes, the \"Exchange Notes\" and, together with the New Money Notes, the \"Notes\").\n \n \n \n \n \n \n \nThe 2028 notes will be issued at 99.928% of par, bear interest at a rate of 3.900% per annum, payable semi-annually in arrears on March 16 and September 16 of each year, beginning on September 16, 2026, and mature on March 16, 2028. The 2029 notes will be issued at 99.832% of par, bear interest at a rate of 4.000% per annum, payable semi-annually in arrears on March 16 and September 16 of each year, beginning on September 16, 2026, and mature on March 16, 2029. The 2029 floating rate notes will be issued at par, bear interest at a rate of compounded SOFR plus 0.630% per annum, payable quarterly in arrears on March 16, June 16, September 16 and December 16 of each year, beginning on June 16, 2026, and mature on March 16, 2029. The 2031 notes will be issued at 99.822% of par, bear interest at a rate of 4.300% per annum, payable semi-annually in arrears on March 16 and September 16 of each year, beginnin...