Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is one of the stocks Jim Cramer mentioned in his latest comments. Cramer mentioned the stock during the episode and said: “Again, you only need to get rich once. If you want a safer way to go in nuclear, by the way, I like this processing division of Solstice, the Honeywell spin-off, which has a full order book. That’s a cheap stock.” A person with stock market data on a laptop. Photo by Anna Nekrashevich on Pexels Solstice Advanced Materials, Inc. (NASD ...

Core Insights - Honeywell International Inc.'s business unit, Solstice Advanced Materials Inc., has priced a $1 billion offering of senior notes with a 5.625% interest rate, maturing on September 30, 2033 [1][7] - The funds raised will be used to pay Honeywell for the spin-off and cover related fees and expenses, with remaining funds allocated for general corporate purposes [3][7] - An escrow arrangement will hold the proceeds until the spin-off conditions are met, with a redemption clause if conditions are not fulfilled by March 31, 2026 [4][7] Spin-Off Details - Honeywell announced its intention to spin off its advanced materials business in October 2024, creating an independent company named Solstice Advanced Materials, based in Morris Plains, NJ [5] - The new company will focus on protective fibers, semiconductor materials, refrigerants, and healthcare packaging, operating in two segments: Refrigerants & Applied Solutions and Electronic & Specialty Materials [5] Financial Performance - Honeywell's shares have increased by 4.6% over the past year, outperforming the industry growth of 0.1% [6] - The company is experiencing strength in its defense business and growth in air transport flight hours, alongside solid demand for building products [6] Challenges - There is a noted weakness in the Industrial Automation segment due to lower demand for projects, raising concerns about productivity solutions and services [9]