Carrier Global Refinances Credit Facilities with New $2.5 Billion Revolving Credit Agreement
Carrier Global entered a new 5-year senior unsecured revolving credit agreement allowing borrowings of up to $2.5 billion, replacing its prior $500 million 364-day and $2 billion 5-year revolving facilities. The company says the new facility supports its cash requirements and commercial paper program, and its terms are substantially similar to the prior agreements. For shareholders, this is a routine refinancing that maintains existing borrowing capacity, with the filing noting a change-of-control event of default and a consolidated leverage ratio covenant.
Key points
- New $2.5 billion 5-year senior unsecured revolving credit agreement dated December 20, 2024, with JPMorgan Chase Bank, N.A. as administrative agent
- Replaces a $500 million 364-day facility (dated May 17, 2024) and a $2 billion 5-year facility (dated May 19, 2023)
- U.S. dollar borrowings priced at Term SOFR plus 0.10% and a ratings-based margin; Euro borrowings at Adjusted EURIBOR plus a ratings-based margin
- Includes a consolidated leverage ratio financial covenant
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 20, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.