United Technologies Calls for Redemption of Outstanding Goodrich 6.29 Percent
Notes Due 2016
HARTFORD, Conn., Feb. 28, 2014
HARTFORD, Conn., Feb. 28, 2014 /PRNewswire/ -- United Technologies Corp.
(NYSE: UTX) today called for redemption of all outstanding Goodrich 6.29
Percent Notes due 2016 (the "2016" Notes). The outstanding aggregate principal
amount of the 2016 Notes is approximately $187.9 million. The redemption date
for the 2016 Notes will be April 1, 2014.
United Technologies Corp.
The redemption price for the 2016 Notes will be the greater of: (i) 100
percent of the principal amount of the Notes; and (ii) the sum of the present
values of the remaining scheduled payments of principal and interest on the
notes, discounted to the redemption date, as described in the notes, on a
semi-annual basis, assuming a 360-day year consisting of twelve 30-day months,
using a reference treasury rate plus 25 basis points. In either case, the
redemption price will also include interest on the principal balance of the
notes accrued to, but excluding, the redemption date.
United Technologies Corp., based in Hartford, Connecticut, provides high
technology products and services to the building and aerospace industries. For
more information, visit our website at www.utc.com or follow us on Twitter:
From time to time, UTC may make statements that predict or forecast future
events or results, depend on future events for their accuracy or otherwise
contain "forward-looking information." These statements are made based on
management's expectations and beliefs concerning future events and are not
guarantees of future performance. Actual results may differ materially due to
various risks and uncertainties. Important factors that could cause actual
results to differ materially from those anticipated or implied in forward
looking statements are described in UTC's Form 10-K and 10-Q Reports under the
headings "Business", "Risk Factors", "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and "Cautionary Note Concerning
Factors that May Affect Future Results", as well as the information included
in UTC's Current Reports on Form 8-K.
Contact: Danielle Smith
SOURCE United Technologies Corp.
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