Press release from PR Newswire
UTC Prepays $1 Billion Outstanding Balance of its Goodrich Acquisition Credit Facility Due Dec. 31, 2012
Wednesday, December 05, 2012
UTC Prepays $1 Billion Outstanding Balance of its Goodrich Acquisition Credit Facility Due Dec. 31, 201217:00 EST Wednesday, December 05, 2012HARTFORD, Conn., Dec. 5, 2012 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) today prepaid the remaining $1.0 billion balance of outstanding principal 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. On Nov. 5, 2012, United Technologies prepaid $1.0 billion of the balance outstanding. United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries.UTC-IRContact:John Moran 860-728-7062 SOURCE United Technologies Corp.