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United Technologies calls all $294.2 million of 3.6% Goodrich notes
By Tali David
Minneapolis, Aug. 28 - United Technologies Corp. called all $294.2 million of its 3.6% Goodrich notes due 2021, according to a press release.
The notes will be redeemed on Sept. 27 at the greater of (a) par and (b) the sum of the values of the remaining scheduled payments of principal and interest on the notes, discounted to the redemption date, on a semiannual basis, assuming a 360-day year consisting of 12 30-day months, using a reference Treasury rate plus 15 basis points.
In either case, the redemption price will also include interest to the redemption date.
United Technologies is a Hartford, Conn.-based company that provides technology products and services to the building and aerospace industries.
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