Johnson Controls Pricing Senior Notes Offering
Johnson Controls International plc (NYSE: JCI), a leader in smart and sustainable building solutions, has officially announced the pricing of its €500 million senior notes due in 2033. These strategic offerings demonstrate the company's commitment to enhancing its financial footing and supporting various corporate needs.
Purpose of the Senior Notes
The net proceeds from this senior notes offering will be allocated primarily for general corporate purposes. This may include the repayment or refinancing of outstanding commercial paper and other immediate debts. Additionally, funds may be used for acquisitions, capital investments, and increasing working capital, which are integral for Johnson Controls' ongoing growth and innovation.
Details About the Offering
Tyco Fire & Security Finance, S.C.A., a subsidiary of Johnson Controls, will act as a co-issuer of these notes. The closing of this transaction is anticipated to take place shortly, subject to customary closing conditions. Notable financial institutions such as BofA Securities, Crédit Agricole CIB, and ING are leading the transaction as joint book-running managers.
The Financial Assurance Team
Along with the lead managers, Citigroup, Deutsche Bank, J.P. Morgan, and Morgan Stanley are on board as book-running managers. Several financial institutions, including ANZ, Danske Bank, and Standard Chartered Bank, will also take part as co-managers to ensure successful execution of the offering, thereby aiding Johnson Controls in a seamless transaction process.
Financial Transparency and Regulation
The issuance of these senior notes is being carried out in accordance with an effective shelf registration statement encompassing a prospectus and relevant supplement. This transparent process ensures that interested investors can obtain documents regarding the offering easily and maintain trust in the company’s operations and planning.
A Legacy of Innovation
Johnson Controls boasts a rich legacy of over 140 years of ground-breaking innovations in building technology. The company focuses on transforming environments to enhance quality of life sustainably. Its mission revolves around the ambitious goal of reimagining building performance for the benefit of people and the planet.
Building Solutions for Tomorrow
Through its OpenBlue digital offering, Johnson Controls is at the forefront of delivering cutting-edge solutions across a myriad of sectors including healthcare, education, and manufacturing. The company's commitment to developing and acquiring modern technologies positions it as a leader in driving significant advancements within the smart buildings domain globally.
Commitment to Sustainability
Today, with a global team of seasoned professionals, Johnson Controls offers an extensive range of technology and software solutions. These solutions are engineered to enhance building efficiency while addressing environmental, social, and economic challenges, aligning with the increasing need for sustainable practices in the modern world.
Investor Relations and Contact
For investor inquiries, the dedicated team comprising Jim Lucas can be reached at 414.340.1752. Media inquiries can be directed to Danielle Canzanella at 203.499.8297. Michael Gates is available for further discussions at 414.524.5785, ensuring that all stakeholders have a reliable point of contact for addressing their queries effectively.
Frequently Asked Questions
What is the total amount of the senior notes offering announced by Johnson Controls?
The amount of the senior notes offering is €500 million, set to mature in 2033.
How will the proceeds from the notes be utilized?
The proceeds will be used for various corporate purposes including debt repayment, acquisitions, and general working capital enhancements.
Who are the lead managers for this offering?
BofA Securities, Crédit Agricole CIB, and ING are serving as the joint lead book-running managers.
When is the closing date for this senior notes offering?
The transaction closing is expected to occur subject to standard closing conditions, aiming for completion in the near future.
What is the significance of Johnson Controls' innovative approach?
Johnson Controls' innovative solutions aim to transform building management for better efficiency and sustainability, impacting various sectors positively.
