Honeywell (NYSE: HON) released the following financial announcement:
“The commencement of the public offering of its $800 million 4.250 percent Senior Notes due 2021 and its $600 million 5.375 percent Senior Notes due 2041. Honeywell intends to use the proceeds of the offering to repay outstanding indebtedness, including the repurchase of up to $400 million of senior notes due 2012, to repay commercial paper, and for general corporate purposes.
“The Notes will be senior unsecured and unsubordinated obligations of Honeywell and will rank equally with all of Honeywell’s existing and future senior unsecured debt and senior to all of Honeywell’s subordinated debt.
“BofA Merrill Lynch, Barclays Capital and Citi are acting as the joint book-running managers for the public offering of the Notes. Potential purchasers of the Notes can obtain copies of the prospectus, as supplemented, related to the Notes by calling BofA Merrill Lynch at 800-294-1322, Barclays Capital at 888-603-5847, or Citi at 877-858-5407.”
