The company said it entered into a Delayed Draw Term Loan Agreement on May 7, 2025 with Bank of America, N.A., as administrative agent, and the syndication agents and documentation agents named therein, as well as the initial lenders.

1. 01

   The company said it entered into a Delayed Draw Term Loan Agreement on May 7, 2025 with Bank of America, N.A., as administrative agent, and the syndication agents and documentation agents named therein, as well as the initial lenders.

2. 02

   Honeywell said the facility is a delayed draw term loan of up to $6.0 billion in aggregate, consisting of Tranche A-1 of up to $4.0 billion and Tranche A-2 of up to $2.0 billion.

3. 03

   The company said commitments for Tranche A-1 will expire on May 30, 2025, and commitments for Tranche A-2 will expire on December 19, 2025.

4. 04

   Honeywell said it entered into the agreement to provide financial flexibility while it manages the separation of its Automation, Aerospace and Solstice Advanced Materials businesses into three independent public companies. The company said the agreement does not restrict its ability to pay dividends and does not include financial covenants.

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