United Technologies calls all $187.9 million of 6.29% Goodrich notes

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - United Technologies Corp. called all $187.9 million of its 6.29% Goodrich notes due 2016, according to a press release.

The notes will be redeemed on April 1 at the greater of (a) par and (b) the sum of the values of the remaining scheduled payments of principal and interest on the notes, discounted to the redemption date, on a semiannual basis, assuming a 360-day year consisting of 12 30-day months, using a reference Treasury rate plus 25 basis points.

In either case, the redemption price will also include interest to the redemption date.

United Technologies is a Hartford, Conn.-based company that provides technology products and services to the building and aerospace industries.

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