Filed Pursuant to Rule 424(b)(5)
Registration No. 333-260437
The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
Subject to Completion
Preliminary Prospectus Supplement dated July 29, 2024
PROSPECTUS SUPPLEMENT
(To Prospectus dated October 22, 2021)
$
HONEYWELL INTERNATIONAL INC.
$ % Senior Notes due 20
$ % Senior Notes due 20
$ % Senior Notes due 20
$ % Senior Notes due 20
We are offering $ aggregate principal amount of our fixed rate notes due 20 (the “20 fixed rate notes”), $ aggregate principal amount of our fixed rate notes due 20 (the “20 fixed rate notes”), $ aggregate principal amount of our fixed rate notes due 20 (the “20 fixed rate notes”) and $ aggregate principal amount of our fixed rate notes due 20 (the “reopened 20 fixed rate notes”). We refer to the 20 fixed rate notes, the 20 fixed rate notes, the 20 fixed rate notes and the reopened 20 fixed rate notes as the “notes.”
The 20 fixed rate notes will mature on , 20 , the 20 fixed rate notes will mature on , 20 , and the 20 fixed rate notes will mature on , 20 . We will pay interest on the 20 fixed rate notes, 20 fixed rate notes, and 20 fixed rate notes semiannually in arrears on and of each year starting on , 2025. The 20 fixed rate notes will bear interest at the rate of % per annum, the 20 fixed rate notes will bear interest at the rate of % per annum and the 20 fixed rate notes will bear interest at the rate of % per annum. The reopened 20 fixed rate notes have identical terms (other than the issue date and issue price) as, and are a part of a single series with, the $ principal amount of our % senior notes due 20 , issued on , 20 (the “original 20 fixed rate notes”). The reopened 20 fixed rate notes will bear interest at the rate of % per year. Interest on the reopened 20 fixed rate notes is payable semi-annually on and of each year starting on , 2024. The reopened 20 fixed rate notes will mature on , 20 .
We may redeem any series of the notes at any time and from time to time at our option, either in whole or in part, at the applicable redemption price described under “Description of the Notes—Optional Redemption.”
The notes will be our senior unsecured and unsubordinated obligations and will rank equally among themselves and with all of our existing and future senior unsecured debt and senior to all of our subordinated debt.
The notes will not be listed on any securities exchange. Currently, there is no public market for any series of the notes.
Investing in the notes involves risks. See the “Risk Factors” section beginning on page S-4 of this prospectus supplement.
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| | Public Offering Price (1)(2) | | | Underwriting Discount | | | Proceeds, before expenses, to Honeywell | |
Per 20 Fixed Rate Note | | $ | | | | $ | | | | $ | | |
Total | | | | % | | | | % | | | | % |
Per 20 Fixed Rate Note | | $ | | | | $ | | | | $ | | |
Total | | | | % | | | | % | | | | % |
Per 20 Fixed Rate Note | | $ | | | | $ | | | | $ | | |
Total | | | | % | | | | % | | | | % |
Per Reopened 20 Fixed Rate Note | | $ | | | | $ | | | | $ | | |
Total | | | | % | | | | % | | | | % |
(1) | In the case of the 20 Fixed Rate Notes, the 20 Fixed Rate Notes and the 20 Fixed Rate Notes, plus accrued interest, if any, from , 2024 if settlement occurs after that date. |
(2) | In the case of the Reopened 20 Fixed Rate Notes, plus $ of accrued interest from and including to but excluding , |
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the notes to purchasers through the book-entry delivery system of DTC (as defined herein) for the accounts of its participants, including Clearstream Banking, S.A. and the Euroclear System, on or about , 2024, which is the third business day following the date of this prospectus supplement (the settlement cycle being referred to as “T+3”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), trades in the secondary market are generally required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes more than one business day prior to their date of delivery will be required, by virtue of the fact that the notes initially settle in T+3, to specify an alternate settlement arrangement at the time of any such trade to prevent a failed settlement and should consult their own advisors.
Joint Book-Running Managers
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Citigroup | | Deutsche Bank Securities | | Mizuho | | SMBC Nikko |
The date of this prospectus supplement is , 2024.