debt
confidence high
sentiment neutral
materiality 0.55
Johnson Controls upsizes tender offer to $119M; accepts only 5.125% notes due 2045 at 72% proration
Johnson Controls International plc
- Upsized aggregate tender cap from $90M to $119M for cash tender offers.
- $119M accepted from 5.125% Notes due 2045 (proration 72.18%); no 4.500% Notes due 2047 accepted.
- Total consideration for accepted notes: $952.99 per $1,000 (including $50 early tender payment); reference yield 4.602%.
- Early settlement on June 6, 2024; tender offers expire June 18, 2024, but no further acceptances expected.