Honeywell International ( (HON) ) has provided an announcement.
On March 17, 2025, Honeywell International Inc. entered into a new 364-Day Credit Agreement with a consortium of banks, including Bank of America, JPMorgan Chase, and Wells Fargo, for a revolving credit commitment of $3 billion. This agreement, which replaces a previous $1.5 billion credit agreement, is intended for general corporate purposes and offers flexibility in repayment terms, allowing conversion to a term loan by March 2027. The agreement does not restrict dividend payments or include financial covenants, indicating a stable financial position for Honeywell.
More about Honeywell International
Honeywell International Inc. operates in the technology and manufacturing sectors, providing a wide range of products and services including aerospace systems, building technologies, performance materials, and safety and productivity solutions. The company focuses on innovation and efficiency across various markets.
YTD Price Performance: -6.77%
Average Trading Volume: 4,229,486
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $135.9B
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