Summary
Johnson Controls International plc (JCI) announced the completion of an offering of $250 million aggregate principal amount of its 4.900% Senior Notes due 2032. These "Additional 2032 Notes" are a further issuance and are fungible with the previously issued $400 million aggregate principal amount of the same series of notes, bringing the total outstanding principal amount of these senior notes to $650 million. The company intends to use the net proceeds from this offering for general corporate purposes, specifically mentioning the repayment or refinancing of outstanding commercial paper and other near-term indebtedness.
Key Highlights
- 1Completion of a $250 million offering of 4.900% Senior Notes due 2032.
- 2The new notes are fungible with existing 4.900% Senior Notes due 2032, increasing the total outstanding principal for this series to $650 million.
- 3Proceeds are earmarked for general corporate purposes, including the repayment or refinancing of commercial paper and other short-term debt.
- 4The offering was conducted under the company's existing shelf registration statement.
- 5The notes are unsecured and unsubordinated obligations of the Issuers.
- 6The notes mature on December 1, 2032, and carry a semi-annual interest rate of 4.900%.