Material Agreement Form 8 K

Fixed Rate Term Loan Credit Agreement

On August 12, 2024, Honeywell International Inc. ("Honeywell") entered into a Fixed Rate Term Loan Credit Agreement (the "Fixed Rate Term Loan Credit Agreement") with the banks, financial institutions and other institutional lenders party thereto, and Bank of America, N.A. ("Bank of America"), as administrative agent.

The Fixed Rate Term Loan Credit Agreement provides for term loans in an aggregate principal amount of $1.0 billion and is maintained for general corporate purposes. Amounts borrowed under the Fixed Rate Term Loan Credit Agreement are required to be repaid no later than August 12, 2027, unless the Fixed Rate Term Loan Credit Agreement is terminated earlier pursuant to its terms. The interest rate on term loans under the Fixed Rate Term Loan Credit Agreement will be 4.370%. Prior to August 12, 2026, principal payments in respect of the term loans will be subject to a make-whole premium, not to exceed 101% of the aggregate principal amount of the term loans to be prepaid, as further described in the Fixed Rate Term Loan Credit Agreement. The Fixed Rate Term Loan Credit Agreement does not restrict Honeywell's ability to pay dividends, nor does it contain financial covenants. The Fixed Rate Term Loan Credit Agreement contains customary representations and warranties, affirmative and negative and covenants and events of default for investment grade borrowers and financings of this type.

The foregoing description of the Fixed Rate Term Loan Credit Agreement is not intended to be complete and is qualified in its entirety by reference to the Fixed Rate Term Loan Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.