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Honeywell International (HON) has provided an announcement.
Honeywell International Inc. secured a $1.0 billion term loan on August 12, 2024, with a fixed interest rate of 4.370%, to be repaid by August 12, 2027. This loan is for general corporate purposes and allows for early repayment with a make-whole premium. The agreement doesn’t limit Honeywell’s dividend payments and lacks financial covenants, while including standard investment-grade borrower provisions. Concurrently, Honeywell terminated a prior $1.5 billion credit agreement.
For an in-depth examination of HON stock, go to TipRanks’ Stock Analysis page.