Carrier Global Corporation Completes €2.35B and $3B Notes Offerings to Fund Viessmann Acquisition

Carrier Global Corporation completed private offerings of €2.35 billion in euro-denominated notes and $3 billion in USD-denominated notes. The net proceeds are intended to fund the cash portion of the consideration for the previously announced acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG.

“The Company intends to use the net proceeds from the offerings 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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