debt
confidence high
sentiment neutral
materiality 0.50
Johnson Controls issues €500M 3.125% Senior Notes due 2033
Johnson Controls International plc
- Issued €500M aggregate principal of senior notes at 3.125% interest, maturing Dec 11, 2033.
- Proceeds to be used for general corporate purposes, including repayment of commercial paper and near-term debt.
- Notes are unsecured, unsubordinated obligations; rank equally with existing unsubordinated debt.
- Issuers may redeem notes at make-whole prior to Sept 2033, thereafter at par; change of control put at 101%.
- Issued under Thirteenth Supplemental Indenture dated Dec 11, 2024, with U.S. Bank Trust as trustee.