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HONEYWELL ANNOUNCES PRICING OF HONEYWELL AEROSPACE'S OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF

Yesterday, Honeywell Aerospace announced it priced a $1,250,000,000 private offering of senior notes, with deal closing around March 16, 2026.
The financing is split into $10.0 billion of New Money Notes to fund a cash distribution to Honeywell and pay fees, and $6.0 billion of Exchange Notes to satisfy Honeywell debt, expected to close on or about March 16, 2026.
Among the tranches, the 2028 issue is $1,250,000,000 with a 3.900% coupon issued at 99.928%, while the $500,000,000 2029 floating notes pay compounded SOFR plus 0.630% quarterly.
Honeywell will continue to guarantee the Notes until the Spin‑Off and will be automatically released from those guarantees upon consummation, while HON shares rose 1.27% on trading volume of 5,078,306 .
Ahead of the planned Q3 2026 Aerospace separation, the company flagged material risks and uncertainties, and investors may track subsequent Form 10 updates and capital‑structure steps, with plans subject to change.

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HONEYWELL ANNOUNCES PRICING OF HONEYWELL AEROSPACE'S OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF

CHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that, in connection with the previously announced plan to spin-off (the "Spin-Off") Honeywell Aerospace Inc. ("Aerospace") from Honeywell, Aerospace has priced a private offering of $1,250,000,000 aggregate principal…

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