05:21 PM EDT, 09/16/2025 (MT Newswires) -- Honeywell International ( HON ) said late Tuesday that Solstice Advanced Material priced an offering of $1 billion of senior notes due 2033 bearing a rate of 5.625% in connection with its spin-off from Honeywell ( HON ).

The offering is expected to be completed on Sept. 30, subject to closing conditions, according to the company.

Solstice said it also plans to enter senior credit facilities. It will use part of the proceeds from the notes along with borrowings from a first-lien term B loan facility to make a distribution to Honeywell ( HON ) as part of the spin-off and to cover costs related to the credit Facilities and the offering.

Solstice will use the remaining proceeds for general corporate purposes, the company said.