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Honeywell to offer fixed-rate, floating-rate notes in two parts
By Devika Patel
Knoxville, Tenn., Aug. 17 – Honeywell International Inc. intends to offer senior notes in two tranches, according to a 424B5 filing with the Securities and Exchange Commission.
The notes will be sold in one fixed-rate tranche and one floating-rate tranche, with both notes due in 2022.
The fixed-rate portion will have a make-whole call and then a par call. The floaters are initially non-callable and then callable at par.
Goldman Sachs & Co. LLC, Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and Morgan Stanley & Co. LLC are the bookrunners.
Proceeds will be used for general corporate purposes, including debt refinancing.
Honeywell is a technology and manufacturing company based in Morristown, N.J.
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