Johnson Controls said it agreed with its wholly owned subsidiary Tyco Fire & Security Finance S.C.A. to sell $700 million of 5.500% Senior Notes due 2029 to the underwriters on April 16, 2024, and the offering was completed on April 19, 2024.

1. 01

   Johnson Controls said it agreed with its wholly owned subsidiary Tyco Fire & Security Finance S.C.A. to sell $700 million of 5.500% Senior Notes due 2029 to the underwriters on April 16, 2024, and the offering was completed on April 19, 2024.

2. 02

   The company said it plans to use the net proceeds from the notes for general corporate purposes, including repaying, redeeming or refinancing outstanding commercial paper and other near-term debt.

3. 03

   The company said the notes bear interest at 5.500% per year, payable semi-annually in arrears on April 19 and October 19 of each year, beginning on October 19, 2024, and mature on April 19, 2029.

4. 04

   The company said that before March 19, 2029, the issuers may redeem the notes at the greater of 100% of the principal amount and a make-whole amount, and on or after that date at 100% of the principal amount. It said holders may require the issuers to buy the notes at 101% of the principal amount upon a Change of Control Triggering Event.

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Original filing

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