Carrier Global Corporation (NYSE:CARR) announced on October 28, 2024, that it has issued a conditional notice of redemption to holders of its 4.375% Notes due 2025, commonly referred to as the Euro 2025 Notes. The redemption is set to take place on November 8, 2024. The redemption notice outlines the company’s intention to redeem all €750,000,000 of the outstanding Euro 2025 Notes for cash.
The terms of the redemption specify that the Euro 2025 Notes will be redeemed at a price determined as the greater of two options. The first option involves the present values of the remaining scheduled payments of principal and interest on the notes discounted to the redemption date at a certain rate plus 20 basis points, and the second option comprises 100% of the principal amount of the Euro 2025 Notes, along with accrued and unpaid interest up to the redemption date.
The completion of the redemption is contingent upon the successful conclusion of the private offering or another financing arrangement deemed satisfactory by Carrier Global Corporation and complies with the terms included in the redemption notice. It is crucial to distinguish that the current report on Form 8-K does not serve as a formal notice of redemption concerning the Euro 2025 Notes.
This announcement establishes Carrier Global Corporation’s strategic move to manage its debt obligations efficiently and optimize its financial position.
The publication of this information marks Carrier Global Corporation’s proactive step towards realigning its financial structure and enhancing its overall fiscal health.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Carrier Global’s 8K filing here.
About Carrier Global
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.
Read More
- Five stocks we like better than Carrier Global
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Inflation Risk Rising, Key Trades Investors Are Making Now
- Insider Selling Explained: Can it Inform Your Investing Choices?
- 3 Oil Stocks to Watch Before Earnings Come Out
- Investing In Automotive Stocks
- Is American Express Stock’s Sell-the-News Reaction a Buying Opp?