Honeywell's Unit Prices Senior Notes Offering at $1B in Aggregate

Key Takeaways Solstice priced $1B of 5.625% senior notes due Sept. 30, 2033, issued at par.Funds will help pay Honeywell for the spin-off and cover related fees and expenses.Proceeds stay in escrow until spin-off closes; notes redeemable if unmet by March 2026.Honeywell International Inc.’s (HON) business unit, Solstice Advanced Materials Inc. (Solstice), as part of the previously announced spin-off from the former, priced an offering of$ 1 billion for its senior notes (notes) in aggregate. The private offe ...