debt
confidence high
sentiment neutral
materiality 0.55
Johnson Controls issues $250M of 4.900% Senior Notes due 2032 as additional tranche
Johnson Controls International plc
- $250M aggregate principal of 4.900% Senior Notes due 2032 issued Dec 10, 2024; total now $650M outstanding (existing $400M).
- Notes are unsecured, rank equally with existing senior debt; proceeds for general corporate purposes, incl. commercial paper repayment.
- Interest payable semi-annually on June 1 and Dec 1; first payment June 1, 2025; accrues from Dec 1, 2024.
- Notes redeemable at make-whole prior to Sep 1, 2032, then at par; change of control put at 101%.
- Issued under Twelfth Supplemental Indenture; same CUSIP as existing notes, fungible for U.S. tax purposes.