Carrier Global Corporation Announces Pricing of $3.0 Billion and €2.35 Billion Notes
Summary
The offerings are not conditioned on each other.The Company intends to use the net proceeds from the offering and sale of the Notes, together with cash on hand and borrowings under the Companys existing term loan credit facilities and bridge facility to fund the cash portion of the consideration for the Companys previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG (the "Acquisition") and to pay fees and expenses in connection with the Acquisition. The Notes will be subject to a special mandatory redemption if the Acquisition is not consummated by October 25, 2024.The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States, to persons other than "U.S. persons" in compliance with Regulation S under the Securities Act. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "confident," "scenario" and other words of similar meaning in connection with a discussion of future operating or financial performance. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carriers reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time.