The company said it completed the issuance of €500 million in 3.125% Senior Notes due 2033 with its subsidiary Tyco Fire & Security Finance S.C.A. on December 11, 2024. The offering was registered under the Securities Act of 1933.

1. 01

   The company said it completed the issuance of €500 million in 3.125% Senior Notes due 2033 with its subsidiary Tyco Fire & Security Finance S.C.A. on December 11, 2024. The offering was registered under the Securities Act of 1933.

2. 02

   Johnson Controls said it plans to use the net proceeds for general corporate purposes, including repaying, redeeming or refinancing outstanding commercial paper and other near-term debt. Before that use, it said the proceeds may be invested in short-term, investment-grade, interest-bearing securities.

3. 03

   The company said the notes bear interest at 3.125% per year, payable annually in arrears on December 11, with the first payment on December 11, 2025 and maturity on December 11, 2033. The notes are unsecured and unsubordinated obligations.

4. 04

   The company said it may redeem the notes before September 11, 2033 at the greater of 100% of principal and a make-whole amount, and on or after that date at 100% of principal. If a Change of Control Triggering Event occurs, holders may require a purchase at 101% of principal plus accrued and unpaid interest.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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