Material Agreement Form 8 K

Second 364-DayCredit Agreement

On July 2, 2024, Honeywell International Inc. ("Honeywell") entered into a Second 364-DayCredit Agreement (the "Second 364-DayCredit 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 Second 364-DayCredit Agreement provides for revolving credit commitments in an aggregate principal amount of $1.5 billion and is maintained for general corporate purposes. Amounts borrowed under the Second 364-DayCredit Agreement are required to be repaid no later than July 1, 2025, unless (i) Honeywell elects to convert all then outstanding amounts into a term loan, upon which such amounts shall be repaid in full on July 1, 2026, or (ii) the Second 364-DayCredit Agreement is terminated earlier pursuant to its terms. Interest rates on any advances under the Second 364-DayCredit Agreement will be based on prevailing market rates, plus a margin, in addition to a commitment fee payable on unused amounts, as further described in the Second 364-DayCredit Agreement. The Second 364-DayCredit Agreement does not restrict Honeywell's ability to pay dividends, nor does it contain financial covenants. The Second 364-DayCredit 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 Second 364-DayCredit Agreement is not intended to be complete and is qualified in its entirety by reference to the Second 364-DayCredit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.