Honeywell Aerospace Commences Bond Exchange Offer
Honeywell Aerospace has initiated an offer to exchange its outstanding unregistered notes for newly registered notes. The move aims to fulfill previous contractual obligations related to the debt issuance.
Phoenix, Arizona – Honeywell Aerospace commenced on July 13, 2026, an exchange offer for its existing unregistered senior notes. The company is offering to exchange these notes for an equal principal amount of new registered notes across nine different series, maturing between 2028 and 2066.
The exchange offer covers a total principal amount of approximately $17 billion. The new notes will have substantially identical terms to the outstanding notes, with the key difference being that the new notes will be registered under the Securities Act of 1933, and will not be subject to certain transfer restrictions and registration rights applicable to the original notes.
This offer is being made to satisfy Honeywell Aerospace's obligations under registration rights agreements entered into at the time of the original notes' issuance. The company will not receive any proceeds from this exchange offer, as it is a conversion of existing debt rather than a new financing.
The exchange offer is set to expire on August 7, 2026, unless extended. All terms and conditions, along with detailed information about the notes, are provided in a prospectus filed with the Securities and Exchange Commission (SEC). Honeywell Aerospace has stated that no other information should be relied upon beyond what is contained in the prospectus.
This action is part of Honeywell Aerospace's ongoing efforts to ensure regulatory compliance for its debt instruments and to facilitate their marketability. The company also utilizes its investor relations website for material disclosures.