The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

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.