CARR: Material agreement · New financial obligation

Item 1.01 Entry into a Material Definitive Agreement. On November 4, 2026, Carrier Global Corporation, a Delaware corporation (the “Company”), completed an underwritten offering (the “Offering”) of $750 million aggregate principal amount of its 5.000% Notes due 2029 (the “2029 notes”) and $750 million aggregate principal amount of its 5.350% Notes due 2033 (the “2033 notes” and, together with the 2029 notes, the “notes”). The Company intends to use the net proceeds from the Offering to refinance certain existing indebtedness, including to repay at maturity its 2.493% notes due February 15, 2027, with any remaining net proceeds to be used for general corporate and working capital purposes, which may include repayment of borrowings under the Company’s commercial paper program. Pending such use, the Company may use some or all of the net proceeds for general corporate and working capital purposes. In connection with the Offering, the Company entered into an underwriting agreement, dated as of November 2, 2026 (the “Underwriting Agreement”), with Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC., as managers of the several underwriters named therein. The Underwriting Agreement contains customary representations, covenants and indemnification provisions. The notes were issued pursuant to an indenture, dated as of November 4, 2026 (the “Base Indenture”), between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”), as supplemented by Supplemental Indenture No. 1, dated as of November 4, 2026 (the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), between the Company and the Trustee. The 2029 notes bear interest at 5.000% per annum and mature on November 4