The company said it entered into a March 18, 2024 364-Day Credit Agreement providing revolving credit commitments of $1.5 billion, which is maintained for general corporate purposes.

1. 01

   The company said it entered into a March 18, 2024 364-Day Credit Agreement providing revolving credit commitments of $1.5 billion, which is maintained for general corporate purposes.

2. 02

   The company said amounts borrowed under the 364-Day Credit Agreement must be repaid by March 17, 2025, unless it elects to convert all outstanding amounts into a term loan, in which case they would be repaid in full on March 17, 2026. It said the agreement does not restrict dividend payments and contains no financial covenants.

3. 03

   Honeywell entered into an Amended and Restated Five Year Credit Agreement on March 18, 2024, providing revolving credit commitments of $4.0 billion, which can be increased to a maximum of $4.5 billion under its terms. The company said the agreement amends and restates its prior $4.0 billion credit agreement, which was in effect as of March 20, 2023.

4. 04

   The company said the 5-Year Credit Agreement has substantially the same material terms as the Prior Agreement, with only its maturity extended, and that borrowings must be repaid by March 18, 2029. The company also said that on the same day it terminated the commitments under its $1.5 billion 364-day credit agreement dated as of March 20, 2023.

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