Johnson Controls announces prices for senior notes offering
By SSN Staff
Updated 1:39 PM CDT, Fri August 26, 2022
CORK, Ireland – Fire, HVAC, and building security equipment provider Johnson Controls has announced the pricing on its senior notes offering.
According to the company’s official release, the pricing of its offering is at €600 million senior notes due 2028. The company said that net proceeds will be used for general purposes, including debt repayment, but could include acquisitions, repurchase of ordinary shares, additions to working capital and other corporate purposes. “Tyco Fire & Security Finance, S.C.A., a subsidiary of the Company, is a co-issuer of the notes. The closing for the transaction is expected to occur on September 7, 2022, subject to certain customary closing conditions," the press release from Johnson Controls stated.
The transaction is being facilitated with Barclays, J.P. Morgan, CIB, Credit Agricole, Standard Chartered Bank, BBVA, UniCredit, and US Bancorp serving as joint book-running managers. Citigroup, Deutsche Bank, ING, Danske Bank, TD Securities and Westpac Banking Corporation are serving as co-managers.
“The offering of the notes is being made pursuant to an effective shelf registration statement, prospectus and related prospectus supplement.” Johnson Controls stated in the release. Readers and interested parties can obtain more information and relevant documents at www.sec.gov.
Comments