Carrier Closes €750 Million Notes Offering

Paul, Weiss advised Carrier Global Corporation, a global leader in intelligent climate and energy solutions, in the private placement of an aggregate principal amount of €750 million of 3.625% euro-denominated notes. Proceeds from the offering were used to refinance the company's 4.375% euro-denominated notes initially issued in November 2023 in connection with Carrier's acquisition of the climate solutions business of Viessmann Group GmbH & Co. KG.

The offerings were lead-managed by J.P. Morgan, HSBC, Morgan Stanley, BofA Securities, Citigroup, Goldman Sachs & Co. LLC and UniCredit.

The Paul, Weiss team included corporate partners John Kennedy, Luke Jennings and Matthew Friedman and intellectual property partners Claudine Meredith-Goujon and Bonnie Chen; tax partner Robert Holo; litigation partners John Carlin and Nicole Succar and counsel Audrey Paquet; executive compensation counsel Jake Glazeski; and environmental counsel William O'Brien.