$CARR · CARRIER GLOBAL Corp
Carrier Global Corporation completed an underwritten offering of $1.5 billion aggregate principal: $750M of 5.000% Notes due 2029 and $750M of 5.350% Notes due 2033. Net proceeds will refinance existing indebtedness, including repaying at maturity its 2.493% notes due February 15, 2027, with any remainder for general corporate and working capital purposes. The notes are general unsecured senior obligations issued under a new indenture with U.S. Bank Trust Company as trustee.
- $750M of 5.000% notes due November 4, 2029
- $750M of 5.350% notes due November 4, 2033
- Interest paid semi-annually on May 4 and November 4, commencing May 4, 2027
- Proceeds to repay 2.493% notes due February 15, 2027 at maturity
- Underwriters: Morgan Stanley, J.P. Morgan, BofA Securities, Goldman Sachs
Price data unavailable.
A routine refinancing that replaces low-cost 2.493% debt with higher-coupon 5.0-5.35% notes, modestly raising interest expense.
_Not applicable._
Change of control triggering event would require repurchase at 101% of principal; customary events of default could accelerate the notes.