Carrier Global Confirms Pending Acquisition of Viessmann Climate Solutions

Carrier Global Corporation is proceeding with its previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG. The debt offering is specifically to fund the cash consideration for this acquisition, with a special mandatory redemption clause if the deal does not close by October 25, 2024.

“The Company intends to use the net proceeds from the offering and sale of the Notes, together with cash on hand and borrowings under the Company’s existing term loan credit facilities and bridge facility to fund the cash portion of the consideration for the Company’s previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG (the “Acquisition”) and to pay fees and expenses in connection with the Acquisition.”

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