Honeywell Announces Public Offering of Senior Notes
February 17 2009 - 4:12PM
PR Newswire (US)
MORRIS TOWNSHIP, N.J., Feb. 17 /PRNewswire-FirstCall/ -- Honeywell
(NYSE: HON) today announced the commencement of the public offering
of its $600 million 3.875% Senior Notes due 2014 and its $900
million 5.000% Senior Notes due 2019 (collectively, the "Notes").
Honeywell intends to use the proceeds of the offering to repay
outstanding indebtedness, including commercial paper, and for
general corporate purposes. The Notes will be senior unsecured and
unsubordinated obligations of Honeywell and will rank equally with
all of Honeywell's existing and future senior unsecured debt and
senior to all of Honeywell's subordinated debt. J.P. Morgan,
Deutsche Bank Securities, RBS Greenwich Capital and UBS Investment
Bank are acting as the joint book-running managers for the public
offering of the Notes. Potential purchasers of the Notes can obtain
copies of the prospectus, as supplemented, related to the Notes by
calling J.P. Morgan at (212) 834-4533 (collect), Attn: Investment
Grade Syndicate Desk, Deutsche Bank Securities at (800) 503-4611
(toll free), RBS Greenwich Capital at (866) 884-2071 (toll free) or
UBS Investment Bank at (877) 827-6444 ext. 561-3884 (toll free).
This press release is not an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of such Notes in any
state in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of
any such state. The offering of these securities is being made only
by means of a base prospectus (as supplemented and amended from
time to time), which is part of a registration statement that
Honeywell filed with the SEC utilizing a "shelf" registration
process (collectively, the "Prospectus"). Copies of the Prospectus
may be obtained from Honeywell International Inc., 101 Columbia
Road, Morris Township, New Jersey 07962, Attn: Investor Relations
Department, (973) 455-2000. Honeywell International is a $37
billion diversified technology and manufacturing leader, serving
customers worldwide with aerospace products and services; control
technologies for buildings, homes and industry; automotive
products; turbochargers; and specialty materials. Based in Morris
Township, N.J., Honeywell's shares are traded on the New York,
London and Chicago Stock Exchanges. This release contains certain
statements that may be deemed "forward-looking statements" within
the meaning of Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical fact, that
address activities, events or developments that we or our
management intends, expects, projects, believes or anticipates will
or may occur in the future are forward-looking statements. Such
statements are based upon certain assumptions and assessments made
by our management in light of their experience and their perception
of historical trends, current economic and industry conditions,
expected future developments and other factors they believe to be
appropriate. The forward-looking statements included in this
release are also subject to a number of material risks and
uncertainties, including but not limited to economic, competitive,
governmental, and technological factors affecting our operations,
markets, products, services and prices. Such forward-looking
statements are not guarantees of future performance, and actual
results, developments and business decisions may differ from those
envisaged by such forward-looking statements. Contacts: Media
Investor Relations Robert C. Ferris Murray Grainger (973) 455-3388
(973) 455-2222 DATASOURCE: Honeywell CONTACT: Media, Robert C.
Ferris, +1-973-455-3388, , or Investor Relations, Murray Grainger,
+1-973-455-2222, , both of Honeywell Web Site:
http://www.honeywell.com/
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