Business

June 13, 2012

UTC launches equity units offering as component of financing for Goodrich acquisition

United Technologies Corp. announced June 12 an offering of $1 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.

United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries.




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