Item 8.01. Other Events.
Notes Issuance
On May 18, 2020, Raytheon Technologies Corporation (the “Company”) issued $1,000,000,000 aggregate principal amount of 2.250% Notes due
2030 (the “notes due 2030”) and $1,000,000,000 aggregate principal amount of 3.125% Notes due 2050 (the “notes due 2050” and together with the notes due 2030, the “Notes”).
The Notes were registered under the Securities Act of 1933, as amended (the “Act”), pursuant to the Company’s Registration Statement on
Form S-3ASR (File No. 333-234027) (the “Registration Statement”) filed on October 1, 2019. On May 18, 2020, the Company filed with the SEC a Prospectus Supplement dated May 14, 2020 (the “Prospectus Supplement”) containing the final terms of the
Notes pursuant to Rule 424(b)(2) of the Act.
In connection with the offer and sale of the Notes, the Company entered into an Underwriting Agreement, dated May 14, 2020 (the
“Underwriting Agreement”), and a Pricing Agreement, dated May 14, 2020 (the “Pricing Agreement”), each between the Company and BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and J.P. Morgan Securities LLC, as
Representatives of the Underwriters listed in Schedule I to the Pricing Agreement. A form of the Underwriting Agreement is included as Exhibit 1 to the Registration Statement. The Notes were issued under the Amended and Restated Indenture, dated as
of May 1, 2001 (the “Indenture”), between the Company and The Bank of New York Mellon Trust Company, N.A., successor to The Bank of New York, as trustee. The Indenture and a form of the Notes are included as Exhibits 4.1 and 4.2 to the Registration
Statement.
The Company expects to use the net proceeds received from the issuance of the Notes for general corporate purposes, including, among other
things, the repayment of outstanding indebtedness.
For the relevant terms and conditions of the Underwriting Agreement and Pricing Agreement and the Notes, please refer to the Prospectus
Supplement.
Partial Redemption
On May 4, 2020, the Company notified holders of its outstanding 3.650% Notes due 2023 that the Company will redeem $410
million of the aggregate principal amount of such notes on May 19, 2020. After giving effect to such redemption, $171 million in aggregate principal amount of the 3.650% Notes due 2023 will remain outstanding. No proceeds of the Notes will be used
to fund such redemption.
This report is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe
for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No
offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
