Item 1.01 Entry into a Material Definitive Agreement.
364-Day Credit Agreement
OnNovember 18, 2021 ,Honeywell International Inc. (the "Company") entered into Amendment No. 1 (the "364-Day Amendment") to the Company's 364-Day Credit Agreement, dated as ofMarch 31, 2021 (the "364-Day Credit Agreement"), withBank of America, N.A . ("Bank of America "), as administrative agent. The 364-Day Amendment, among other things, (i) changes the rate under the 364-Day Credit Agreement for borrowings denominated in Euro from a LIBOR-based rate to a rate based on the Euro Interbank Offered Rate ("EURIBOR") subject to certain adjustments specified in the 364-Day Credit Agreement and (ii) updates certain other provisions regarding successor interest rates to LIBOR. The foregoing description of the 364-Day Amendment is a summary and is qualified in its entirety by reference to the text of the 364-Day Amendment, a copy of which is filed herewith as Exhibit 10.1 and incorporated herein by reference.
5-Year Credit Agreement
On
The 5-Year Amendment, among other things, (i) changes the rate under the 5-Year Credit Agreement for borrowings denominated in Sterling from a LIBOR-based rate to daily simple SONIA (Sterling Overnight Index Average) subject to certain adjustments specified in the 5-Year Credit Agreement, (ii) changes the rate under the 5-Year Credit Agreement for borrowings denominated in Euro from a LIBOR-based rate to a EURIBOR-based rate subject to certain adjustments specified in the 5-Year Credit Agreement, (iii) changes the rate under the 5-Year Credit Agreement for borrowings denominated in Japanese Yen from a LIBOR-based rate to a rate based on TIBOR (Tokyo Interbank Offer Rate) subject to certain adjustments specified in the 5-Year Credit Agreement and (iv) updates certain other provisions regarding successor interest rates to LIBOR.
The foregoing description of the 5-Year Amendment is a summary and is qualified in its entirety by reference to the text of the 5-Year Amendment, a copy of which is filed herewith as Exhibit 10.2 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to 364-Day Credit
Agreement, dated as of November
18, 2021, amongHoneywell International Inc. andBank of America, N.A ., as administrative agent. 10.2 Amendment No. 1 to Amended and Restated Five-Year Credit Agreement, dated as ofNovember 18, 2021 , amongHoneywell International Inc. andBank of America, N.A ., as administrative agent. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
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