The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

UTC Prepays $1 Billion of its Outstanding Goodrich Acquisition Credit Facility Due Dec. 31, 2012

Monday, November 05, 2012

UTC Prepays $1 Billion of its Outstanding Goodrich Acquisition Credit Facility Due Dec. 31, 201217:00 EST Monday, November 05, 2012HARTFORD, Conn., Nov. 5, 2012 /PRNewswire/ -- United Technologies Corp. (NYSE:UTX) today prepaid $1.0 billion of the outstanding principal amount under its Apr. 24, 2012 Term Loan Credit Agreement.  On July 26, 2012, United Technologies Corp. borrowed $2.0 billion under this facility to pay a portion of the cash consideration for its recently-completed acquisition of Goodrich Corp.  The $1.0 billion prepayment represents a 50 percent reduction in the $2.0 billion outstanding principal amount under the facility due Dec. 31, 2012.United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.UTC-IRContact: John Moran860-728-7062www.utc.comSOURCE United Technologies Corp.