Honeywell (NASDAQ: HON) funds tenders and spin-off via $16B aerospace notes

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Honeywell Aerospace Inc. has completed a private offering of $16 billion in senior notes to support the planned spin-off from Honeywell International Inc. These notes, with maturities ranging from 2028 to 2066, comprise a mix of fixed and floating interest rates. A portion of the proceeds will be used by Honeywell to fund tender offers and redemptions of its existing debt, including the redemption of €750 million of 2.250% Senior Notes due 2028, and to terminate certain term loan agreements, aligning its capital structure for the upcoming spin-off.

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