Carrier Global Files Preliminary Prospectus for Multi-Tranche Senior Notes Offering

Overview of Filing

On November 2, 2026, Carrier Global Corporation filed a preliminary prospectus supplement on Form 424B5 (Registration No. 333-299753) with the SEC regarding a dual-tranche debt offering consisting of:

• Notes due 2029
• Notes due 2033

Pricing terms, coupon rates, and aggregate principal amounts are subject to completion and will be specified in the final pricing supplement.

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Key Terms and Structure

• Ranking: The notes will be unsecured and unsubordinated obligations of Carrier Global Corporation, ranking equally in right of payment with all existing and future unsubordinated debt.
• Interest Payments: Semi-annually in arrears, commencing in 2027.
• Optional Redemption: Redeemable at the company's option, in whole or in part, subject to standard make-whole / par call redemption provisions.
• Change of Control: Holders have the right to require repurchase at 101% of principal plus accrued interest upon a Change of Control Triggering Event.
• Denominations: Minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.
• Listing: The notes will not be listed on any securities exchange.

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Use of Proceeds

Carrier Global plans to allocate net proceeds from the offering to:

1. Refinance existing indebtedness, specifically to repay at maturity its 2.493% Notes due 2027.
2. General corporate and working capital purposes, including potential repayment of borrowings under its commercial paper program.

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Underwriters

The joint book-running managers for the offering include Morgan Stanley, J.P. Morgan, BofA Securities, Goldman Sachs & Co. LLC, Barclays, Citigroup, HSBC, and Wells Fargo Securities.

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Market & Capital Structure Impact

This transaction represents routine debt liability management aimed at pre-funding debt maturities (2027 notes) and extending the weighted average maturity of Carrier's debt capital structure without fundamentally changing net leverage.