The company said on December 20, 2024 it entered into a 5-year senior unsecured revolving credit agreement that allows borrowings of up to $2.5 billion. JPMorgan Chase Bank, N.A. is the administrative agent.

1. 01

   The company said on December 20, 2024 it entered into a 5-year senior unsecured revolving credit agreement that allows borrowings of up to $2.5 billion. JPMorgan Chase Bank, N.A. is the administrative agent.

2. 02

   Carrier said it terminated, at the same time as entering the new agreement, a senior unsecured 364-day revolving credit agreement of $500 million dated May 17, 2024 and a senior unsecured 5-year revolving credit agreement of $2 billion dated May 19, 2023.

3. 03

   The company said borrowings under the new agreement may be made in U.S. Dollars or Euros. U.S. Dollar borrowings bear interest at Term SOFR Rate plus 0.10% and a ratings-based margin, or at the Alternate Base Rate plus a ratings-based margin. Euro borrowings bear interest at the Adjusted EURIBOR Rate plus a ratings-based margin.

4. 04

   The company said the new credit agreement supports its cash requirements and its commercial paper program. It said the agreement includes a consolidated leverage ratio financial covenant and events of default, including a change of control.

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Original filing

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