Carrier Issues Notes to Finance Viessmann Acquisition

Carrier completed private offerings of Euro and USD denominated notes in November 2023 to partially finance the Viessmann Climate Solutions acquisition. The proceeds, along with cash on hand and borrowings, were used to fund the cash consideration.

“To partially finance the Acquisition, on November 29, 2023, we completed the private offering and issuance of the Old Euro Notes, and on November 30, 2023, we completed the private offering and issuance of the Old USD Notes. The net proceeds of these offerings, together with cash on hand and borrowings under our Term Loan Credit Agreement and Bridge Loan (each as defined below), were used to fund the Cash Consideration and to pay fees and expenses in connection with the Acquisition.”

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