United Technologies (UTX) Prices Aggregate $9.8B Senior Notes Offering

May 25, 2012 6:26 AM EDT
United Technologies Corp. (NYSE: UTX) today announced that it has successfully priced an offering of senior notes consisting of:
  • $1.0 billion aggregate principal amount of 1.200 percent senior notes due 2015;

  • $1.5 billion aggregate principal amount of 1.800 percent senior notes due 2017;

  • $2.3 billion aggregate principal amount of 3.100 percent senior notes due 2022;

  • $3.5 billion aggregate principal amount of 4.500 percent senior notes due 2042;

  • $1.0 billion aggregate principal amount of floating rate senior notes due 2013; and

  • $500 million aggregate principal amount of floating rate senior notes due 2015.
The offering is expected to close on June 1, 2012, subject to customary closing conditions. Net proceeds from the offering are expected be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.


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