Honeywell said it entered into a Fixed Rate Term Loan Credit Agreement with Bank of America, N.A. as administrative agent on August 12, 2024, providing for aggregate term loans of $1.0 billion for general corporate purposes.

1. 01

   Honeywell said it entered into a Fixed Rate Term Loan Credit Agreement with Bank of America, N.A. as administrative agent on August 12, 2024, providing for aggregate term loans of $1.0 billion for general corporate purposes.

2. 02

   The company said the term loans carry an interest rate of 4.370% and must be repaid by August 12, 2027, unless the agreement is terminated earlier.

3. 03

   Honeywell said that principal prepayments before August 12, 2026 are subject to a make-whole premium of not more than 101% of the principal amount prepaid. It also said the credit agreement does not restrict its ability to pay dividends and contains no financial covenants.

4. 04

   Honeywell said it terminated the commitments under its $1.5 billion Second 364-Day Credit Agreement, dated as of July 2, 2024, on August 12, 2024.

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