debt
confidence high
sentiment neutral
materiality 0.40
Johnson Controls launches tender offers for up to $90M of senior notes due 2045 and 2047
Johnson Controls International plc
- Tender offers cover 5.125% Senior Notes due 2045 ($372M outstanding) and 4.500% due 2047 ($500M outstanding).
- Aggregate tender cap is $90M; notes will be accepted in priority order (2045 first, then 2047).
- Early tender deadline is June 3, 2024; final expiration is June 18, 2024.
- Early settlement expected June 6, 2024; final settlement expected June 21, 2024.
- Purchase funded with cash on hand or commercial paper; BofA Securities is dealer manager.