Honeywell International Inc. Furnishes Spin-Off Details and Solstice Debt Issuance

Summary

Honeywell International Inc. announced details for the spin-off of its Advanced Materials business into Solstice Advanced Materials Inc. (via Ex. 99.1 press release). The record date for the pro rata distribution of Solstice shares is October 17, 2025, with the distribution expected to be effective on October 30, 2025. Eligible holders will receive one share of Solstice common stock for every four shares of Honeywell common stock. Separately, Solstice issued $1 billion in 5.625% Senior Notes due 2033 on September 30, 2025, with proceeds held in escrow until spin-off conditions are met. * The Notes bear interest at 5.625% per year, with the first payment on March 31, 2026. * The Notes mature on September 30, 2033.

Why It Matters

Key Quote

“On the Expected Distribution Date, the Eligible Holders are expected to receive one share of Solstice common stock for every four shares of Company common stock they hold as of the close of business on the Record Date.”

— From Item 7.01

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