Simpson Thacher recently represented Johnson Controls International plc (“Johnson Controls”) in connection with its registered offerings of $625 million aggregate principal amount of 1.75% Senior Notes due 2030 (the “Green Bond”), €500 million aggregate principal amount of 0.375% Senior Notes due 2027 and €500 million aggregate principal amount of 1% Senior Notes due 2032, each co-issued with its subsidiary, Tyco Fire & Security Finance S.C.A. Johnson Controls intends to allocate an amount equal to the net proceeds received from the offering of the Green Bond to finance or refinance, in whole or in part, certain eligible green projects. In addition, Johnson Controls intends to use the net proceeds of the Euro-denominated notes offerings for general corporate purposes, including the repayment or redemption of near term indebtedness.
Johnson Controls is a global diversified technology and multi industrial leader serving a wide range of customers in more than 150 countries. Johnson Controls creates intelligent buildings, efficient energy solutions and integrated infrastructure that work seamlessly together to deliver on the promise of smart cities and communities.
The Simpson Thacher team included Marisa Stavenas, Eva Kang, Stephanie Rowan, Robert Meyer and Ben Carson (Capital Markets); Andrew Purcell, Jasmine Hay and Suzy Yaster (Tax); Gregory Grogan and Ashlie Lawton (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); and Lori Lesser and Alysha Sekhon (Intellectual Property).