Honeywell (NYSE:HON) says it entered into a $1.5B loan agreement with lenders, to be used for general corporate purposes.
Honeywell says the 364-day credit agreement does not restrict its ability to pay dividends and does not contain financial covenants.
The company entered into a $6B loan agreement last month to improve its liquidity in the face of the coronavirus crisis.
At that time, Honeywell said it had ended 2019 with $10B in cash, an overfunded pension liability and "manageable" debt commitments.
