Carrier said it completed its previously announced private offering of €750,000,000 in euro-denominated notes due 2037 bearing interest at 3.625%. The Notes were sold on November 8, 2024.

1. 01

   Carrier said it completed its previously announced private offering of €750,000,000 in euro-denominated notes due 2037 bearing interest at 3.625%. The Notes were sold on November 8, 2024.

2. 02

   The company said it used the net proceeds from the notes, together with cash on hand, to redeem its 4.375% Notes due 2025 (the Euro 2025 Notes) and to pay fees and expenses related to the offering.

3. 03

   The company said the notes bear interest at 3.625% per year, payable annually on January 15, beginning on January 15, 2025. It may redeem the notes at a make-whole premium before October 15, 2036 and at 100% of principal after that date, and holders may require it to repurchase the notes at 101% of principal upon a change of control triggering event.

4. 04

   Carrier said the cash redemption price for the Euro 2025 Notes is €770,655,000 (€1,027.54 per €1,000 principal amount), of which €756,000,000 is the sum of present values of remaining payments excluding interest accrued to the redemption date, and €14,655,000 is accrued and unpaid interest.

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Original filing

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