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Stock impact report

Honeywell to Discuss New $5 Billion Term Loan With Banks [Yahoo! Finance News]

Honeywell International Inc. (HON) 
Last honeywell international inc. earnings: 5/1 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.honeywell.com
Bloomberg) -- Honeywell International Inc. is in discussions with banks to raise a new $5 billion term loan, according to people familiar with the matter. The new loan is expected to have a maturity of two years, the people said, asking not to be named because the discussions are private. A representative for Honeywell confirmed the discussions, but did not give specific details. “We are taking this and other proactive steps to further strengthen our resilience in the current environment,” the company said in an emailed statement. A representative for Citigroup Inc., which is the agent bank on the new loan, declined to comment. Dozens of investment-grade companies are tapping existing credit facilities or asking banks for additional liquidity in the form of new revolvers or term loans amid broad-based volatility due to the spreading coronavirus. Some have done so as an alternative source of short-term financing due to rising costs in the commercial paper market. Read more: Wall Street Show less Read more
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