(Reuters) – Honeywell International Inc
The 364-day Credit Agreement was signed with Citibank
The agreement comes after the industrial conglomerate entered into a $6 billion loan agreement last month to bolster liquidity as the fast-spreading coronavirus pandemic wreaks havoc on the global economy.
The company, which makes everything from aircraft engine parts to warehouse automation equipment, had $10 billion in cash at the end of 2019, with its pension liability overfunded, it said last month.
Honeywell has reported a surge in demand for its protective face masks in North America, Europe, India and China, following the novel coronavirus outbreak.
(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Sandra Maler)