The technology company said its cash tender offer applies to any and all of the $400 million in aggregate principal amount outstanding. The tender offer expires on Feb. 22, unless extended.

Honeywell's obligation to accept and pay for notes tendered hinges on whether net proceeds from the company's simultaneous offering of new notes are sufficient to buy old notes that are validly tendered.

Shares of Honeywell fell 53 cents, or about 0.9 percent, to $57.45 in morning trading.