UTC prepays $1B outstanding balance of its Goodrich acquisition credit facility United Technologies prepaid the remaining $1B balance of outstanding principal under its Apr. 24, 2012 Term Loan Credit Agreement. On July 26, United Technologies Corp. borrowed $2B under this facility to pay a portion of the cash consideration for its recently-completed acquisition of Goodrich Corp. On Nov. 5, United Technologies prepaid $1B of the balance outstanding.
News For UTX From The Last 14 Days
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United Technologies 2014 guidance could be below Street, says UBS UBS expects United Technologies 2014 guidance to be conservative and below consensus. The analyst expects initial guidance of $6.60-$6.85 but believes it will deliver earnings of +$7.00 and expects shares to outperform following this month's investor meeting. Shares are Buy rated with a $122 price target.