Reported Earlier, Carrier Global Announces Pricing Of $3B And €2.35B Notes
Portfolio Pulse from Benzinga Newsdesk
Carrier Global has announced the pricing of $3 billion in USD notes and €2.35 billion in Euro notes, with varying interest rates and maturities ranging from 2025 to 2054 for USD notes and 2025 to 2032 for Euro notes. The offerings are set to close on November 29, 2023, for the Euro Notes and November 30, 2023, for the USD Notes, subject to customary closing conditions and are not interdependent.
November 16, 2023 | 7:27 am
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Carrier Global has priced a significant debt offering, which could impact its financial leverage and interest expense, potentially affecting its short-term financial performance.
The pricing of the notes indicates Carrier Global's active management of its capital structure. While this could increase the company's financial leverage, the impact on the stock price in the short term is likely to be neutral as the market absorbs the details of the new debt and its terms. The importance is significant due to the size of the offering, but not critical as it is a routine capital management activity.
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