debt
confidence high
sentiment neutral
materiality 0.50
Johnson Controls issues $700M 5.500% Senior Notes due 2029 for general corporate purposes
Johnson Controls International plc
- Issued $700M aggregate principal of 5.500% Senior Notes due April 19, 2029.
- Interest payable semi-annually on April 19 and October 19, beginning October 19, 2024.
- Net proceeds to be used for general corporate purposes, including repayment of commercial paper and near-term debt.
- Notes are unsecured, unsubordinated obligations ranking equally with existing unsubordinated debt.
- Issuers may redeem notes at make-whole prior to March 19, 2029, or at par thereafter.