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

^{Published on 2012-11-05 14:16:19 - Market Wire}
 

UTC Prepays $1 Billion of its Outstanding Goodrich Acquisition Credit Facility Due... -- HARTFORD, Conn., Nov. 5, 2012 /PRNewswire/ --

HARTFORD, 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-IR

SOURCE United Technologies Corp.