Loan & DebtNov 4, 2026, 04:24 PM
Carrier Global Issues $1.5B in Notes to Refinance Debt
AI Summary
Carrier Global Corporation announced the completion of an underwritten offering, successfully issuing $750 million in 5.000% Notes due 2029 and $750 million in 5.350% Notes due 2033. The company plans to utilize the net proceeds primarily for refinancing existing indebtedness, specifically targeting the repayment of its 2.493% notes due February 15, 2027. Any remaining funds will be allocated for general corporate and working capital purposes, potentially including the repayment of commercial paper borrowings. The new notes are unsecured senior obligations with semi-annual interest payments.
Key Highlights
- Carrier Global completed an underwritten offering of $750 million in 5.000% Notes due 2029.
- Carrier Global also issued $750 million in 5.350% Notes due 2033.
- The company intends to use the net proceeds to refinance existing indebtedness, including repaying 2.493% notes due February 15, 2027.
- The 2029 notes mature on November 4, 2029, and bear interest at 5.000% per annum.
- The 2033 notes mature on November 4, 2033, and bear interest at 5.350% per annum.
- Interest on the notes will be paid semi-annually on May 4 and November 4, commencing May 4, 2027.
- The notes are general unsecured senior obligations ranking equally with other unsubordinated indebtedness.
Price Impact
More from CARR