United Tech (UTX) Announces $1B Equity Units Offering

June 12, 2012 7:05 AM EDT
United Technologies Corp. (NYSE: UTX) announced an offering of $1.00 billion of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.

The offering is being made under an effective shelf registration statement on file with the Securities and Exchange Commission. In connection with the offering, UTC will also grant the underwriters of the offering an option to purchase an additional $100 million of equity units.

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