CARRIER GLOBAL Corp (CARR) Form 8-K — Nov 4, 2026
Carrier Global completed a $1.5 billion notes offering on November 4, 2026, issuing $750 million of 5.000% notes due 2029 and $750 million of 5.350% notes due 2033 under an underwriting agreement with Morgan Stanley, J.P. Morgan, BofA Securities and Goldman Sachs. Net proceeds will refinance existing debt, including repayment at maturity of Carrier's 2.493% notes due February 15, 2027, with any remainder for general corporate and working capital purposes, potentially including commercial paper repayment. The notes are general unsecured senior obligations with customary covenants and a change-of-control put at 101% of principal.
Key figures
- Interest Rate
- 5.000% (2029 notes) / 5.350% (2033 notes)
- Maturity Date
- November 4, 2029 (2029 notes); November 4, 2033 (2033 notes)
- Refinanced notes
- 2.493% notes due February 15, 2027
- Tranche 2029 principal
- 750000000
- Tranche 2033 principal
- 750000000
- Change of control put price
- 101% of principal
AI analysis
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