debt
confidence high
sentiment neutral
materiality 0.35
Johnson Controls launches up to $100M cash tender offers for 5.125% and 4.500% senior notes
Johnson Controls International plc
- Aggregate tender cap of $100M for 5.125% notes due 2045 (CUSIP 478375AS7) and 4.500% notes due 2047 (CUSIP 478375AU2).
- Early tender date August 18, 2023; holders tendering by then receive Total Consideration including $50 Early Tender Payment per $1,000.
- Tender offers expire September 5, 2023; settlement expected September 7, 2023 (early tenders settled August 22).
- Notes accepted in priority order: 2045 notes (Priority 1) before 2047 notes (Priority 2), subject to proration if oversubscribed.