An update from Carrier Global (CARR) is now available.
Carrier Global Corporation has secured its financial agility by replacing an existing credit agreement with a new 364-day senior unsecured revolving credit facility worth $500 million, underwritten by various lenders with JPMorgan Chase Bank as the administrative agent. This strategic move ensures the company’s ability to meet its cash requirements, offering flexible borrowing options in both U.S. Dollars and Euros with interest rates tied to market benchmarks, plus a credit rating-based margin. The agreement includes standard investment grade covenants, restrictions, a leverage ratio requirement, and provisions for default, along with a one-year extension option on the maturity date under specific conditions.
For a thorough assessment of CARR stock, go to TipRanks’ Stock Analysis page.
