Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Hamilton Sundstrand Said to Lower Rate on $1.68 Billion Loan

Hamilton Sundstrand Industrial is seeking to lower the rate it pays on a $1.68 billion covenant-lite term loan, according to a person with knowledge of the transaction.

The interest rate on the debt will be reduced to 3 percentage points more than the London interbank offered rate and will be sold at par, said the person, who asked not to be identified because the information is private. Libor, a rate banks say they can borrow in dollars from each other, will have a 1.25 percent floor.

Deutsche Bank AG is arranging the transaction and investors have until Jan. 30 to let the bank know if they will participate in the deal, according to the person.

The company’s existing term loan pays interest at 3.75 percentage points more than Libor, with a 1.25 percent floor, according to data compiled by Bloomberg. The debt was sold to investors at 99 cents on the dollar and was quoted at 102 cents today, the data show.

BC Partners Ltd. and Carlyle Group purchased the provider of industrial solutions and aftermarket parts and services from Hartford, Connecticut-based United Technologies Corp. for $3.46 billion, Bloomberg data show.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.