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Stock impact report

CORRECTED-Honeywell renews $1.5 billion revolving credit agreement [Reuters]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Company Research Source: Reuters
Honeywell borrows further $1.5 billion (Reuters) - Honeywell International Inc ( HON.N ) said on Friday it had entered into a $1.5 billion loan agreement to be used for general corporate purposes. The 364-day Credit Agreement was signed with Citibank ( C.N ) and JPMorgan Chase ( JPM.N ), Honeywell said in a filing, adding that the loan does not does not restrict its ability to pay dividend. The agreement comes after the industrial conglomerate entered into a $6 billion loan agreement last month to bolster liquidity as the fast-spreading coronavirus pandemic wreaks havoc on the global economy. The company, which makes everything from aircraft engine parts to warehouse automation equipment, had $10 billion in cash at the end of 2019, with its pension liability overfunded, it said last month. Honeywell has reported a surge in demand for its protective face masks in North America, Europe, India and China, following the novel coronavirus outbreak. Show less Read more
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