Honeywell spreads $1.7bn deal for Garrett spin-off

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Honeywell spreads $1.7bn deal for Garrett spin-off

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Aerospace and control systems group Honeywell is poised to tap investors in both Europe and the US as levfin markets return to action next week. The firm will look to high yield buyers to help fund the separation of subsidiary Garrett Motion, but a portion of investment grade debt will also be on the table.

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