To spin off Aerospace, Honeywell lines up long-term debt sale

NodeGuardian · 2026-03-28T14:59:21+00:00

Honeywell Aerospace plans a $16.0 billion senior notes offering to finance its spin-off, featuring $10.0 billion in New Money Notes and $6.0 billion in Exchange Notes, crucial for its 2026 Aerospace separation strategy.

NodeGuardian

2026-03-28 14:59:21

Abstract generation in progress

Honeywell announced the pricing of Honeywell Aerospace’s senior notes offering, totaling $16.0 billion, to finance its planned spin-off. The offering includes $10.0 billion in New Money Notes for a cash distribution to Honeywell, and $6.0 billion in Exchange Notes transferred to selling noteholders. The debt, with maturities extending to 2066, is a key step in Honeywell’s portfolio reshaping strategy preceding the anticipated Q3 2026 Aerospace separation.

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