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Published on 7/24/2013 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

United Technologies calls all $202.2 million of Goodrich 6.125% notes

By Tali David

Minneapolis, July 24 - United Technologies Corp. called all $202.2 million of its Goodrich 6.125% notes due March 1, 2019, according to a press release.

The notes will be redeemed on Aug. 23 at the greater of (a) par and (b) the sum of the present values of the remaining scheduled payments of principal and interest discounted to the redemption date using a reference Treasury rate plus 50 basis points, plus accrued interest.

United Technologies is a Hartford, Conn.-based company that provides technology products and services to the building and aerospace industries.


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