Private creditNews
Carrier Global sells $750 million of 5% notes due 2029 to refinance 2027 debt
Carrier Global is refinancing its 2.493% notes due February 15, 2027 with $750 million of 5% notes due 2029 and $750 million of 5.350% notes due 2033.
Carrier Global is replacing debt with a 2.493% coupon with notes that pay 5% and 5.350%. On November 4, 2026 the company completed an underwritten offering of $750 million of 5% notes due 2029 and $750 million of 5.350% notes due 2033, according to its Form 8-K. It intends to use the net proceeds to refinance existing indebtedness, including repaying at maturity its 2.493% notes due February 15, 2027.
The notes are general unsecured senior obligations. Interest is paid semi-annually on May 4 and November 4, starting May 4, 2027. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC managed the underwriting under an agreement dated November 2, 2026, which is the date the filing gives for the event it reports. U.S. Bank Trust Company, National Association is trustee under an indenture dated November 4, 2026.
SEC records classify Carrier Global, listed as CARR on the NYSE and based in Palm Beach Gardens, FL, under air-conditioning, warm air heating and commercial and industrial refrigeration equipment.
Sources (2)
- CARRIER GLOBAL Form 8-KNovember 4, 2026 · Cited by 6 claims
- SEC EDGAR company recordCited by 1 claim
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