Honeywell said on March 6, 2026 that Honeywell Aerospace commenced a private offering of senior notes with an aggregate principal amount of up to $16.0 billion. The notes are senior unsecured obligations of Aerospace and are guaranteed on a senior unsecured basis by Honeywell until the Spin-Off is completed.

1. 01

   Honeywell said on March 6, 2026 that Honeywell Aerospace commenced a private offering of senior notes with an aggregate principal amount of up to $16.0 billion. The notes are senior unsecured obligations of Aerospace and are guaranteed on a senior unsecured basis by Honeywell until the Spin-Off is completed.

2. 02

   Honeywell said it intends to use funds distributed to it by Aerospace from the proceeds of the notes offering, amounts borrowed under the 2026 Term Loan Credit Agreement and cash on hand to fund the tender offers and debt redemptions. The tender offers are subject to a maximum aggregate purchase price of $3.75 billion and €1.25 billion, and the total aggregate principal amount of notes called for redemption is expected to be $3.9 billion and €1.4 billion.

3. 03

   Honeywell said on March 2, 2026 it entered into the 2026 Term Loan Credit Agreement providing for term loans in an aggregate principal amount of $6.0 billion, available in a single draw, with repayment required by March 31, 2026. Term loans bear interest at a rate of term SOFR plus an applicable margin ranging from 0.875% to 1.125% per annum based on Honeywell's public debt rating for its long-term senior unsecured debt.

4. 04

   Honeywell said on March 6, 2026 it entered into a 364-Day Credit Agreement with aggregate revolving credit commitments of $3.0 billion and a Five-Year Credit Agreement with aggregate revolving credit commitments of $4.0 billion, and terminated commitments under its prior $3.0 billion and $4.0 billion credit agreements. Upon consummation of the Spin-Off, the aggregate revolving credit commitments under each agreement will be automatically reduced to $2.0 billion and $3.0 billion, respectively.

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