Honeywell in $6 Billion, Two-Year Term Loan Agreement
March 31 2020 - 5:23PM
Dow Jones News
By Josh Beckerman
Honeywell International Inc. entered a $6 billion two-year
delayed draw term loan "to maximize financial flexibility and
further bolster liquidity in the event global economic conditions
persist or worsen throughout 2020."
The company said it is an "extremely strong position to
effectively manage the current economic environment."
Honeywell, which ended 2019 with $10 billion in cash on its
balance sheet, said its debt commitments are manageable.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 31, 2020 17:08 ET (21:08 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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