Honeywell begins tender offer for $400 million 5.625% notes due 2012

By Marisa Wong

Madison, Wis., Feb. 14 - Honeywell International Inc. announced that it started a cash tender offer for any and all of its $400 million principal amount of 5.625% notes due 2012.

The offer will expire at 5 p.m. ET on Feb. 22.

The payment for each $1,000 principal amount of notes will be calculated at 2 p.m. ET on Feb. 22 with reference to the 0.625% U.S. Treasury note due July 31, 2012 plus 12.5 basis points.

Honeywell will also pay accrued interest to but excluding the payment date for purchased notes.

The tender offer is conditioned upon, among other things, the issuance of new senior notes for sufficient proceeds to finance the tender offer.

Bank of America Merrill Lynch (888 292-0070 or 646 855-3401), Barclays Capital (800 438-3242 or 212 528-7581) and Citi (800 558-3745 or 212 723-6106) are the dealer managers. Global Bondholder Services Corp. (866 470-3900 or 212 430-3774) is the information agent.

Honeywell is a technology and manufacturing company based in Morristown, N.J.

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