07:52 AM EDT, 07/02/2024 (MT Newswires) -- Carrier Global ( CARR ) said Tuesday that it has completed the sale of its industrial fire business to Sentinel Capital Partners for an enterprise value of approximately $1.43 billion.

Net proceeds from the sale amount to about $1.1 billion, which Carrier said it will use to pay down debt. The company said it also expects to resume share repurchases this year.

Carrier shares were 0.3% lower in premarket trading.

Price: 61.84, Change: -0.06, Percent Change: -0.10