Honeywell in $2.5 billion offering

August 16, 2021

Cleary Gottlieb represented Honeywell International Inc. (Honeywell) in a new $2.5 billion offering of investment grade notes.

The offering, comprised of $1 billion of 1.1% senior notes due 2027 and $1.5 billion of 1.75% senior notes due 2031, was conducted pursuant to Honeywell’s automatic shelf registration statement.

The transaction priced on August 2, 2021, and closed on August 16, 2021. On August 19, 2021, Honeywell used the net proceeds of the offering, together with cash on hand, to redeem $500 million in outstanding principal amount of its floating-rate senior notes due 2022 and $2 billion of the $2.5 billion in outstanding principal amount of its 0.483% senior notes due 2022.

BofA Securities Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America Inc., and Wells Fargo Securities LLC were the lead underwriters for the notes offering.

Honeywell is a Fortune 100 technology company that delivers industry-specific solutions that include aerospace products and services, control technologies for buildings, and industry and performance materials globally.