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Johnson Controls Completes $500 Million Sustainability-Linked Senior Notes Offering

09.24.21

Simpson Thacher recently represented Johnson Controls International plc (“Johnson Controls”) in connection with its registered offering of $500 million aggregate principal amount of 2% Sustainability-Linked Senior Notes due 2031 (the “Notes”), co-issued with its subsidiary, Tyco Fire & Security Finance S.C.A. Johnson Controls intends to use the net proceeds from the sale of the Notes 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, Kenneth Wallach, Eva Kang and Claire Treesh (Capital Markets); Andrew Purcell and Jasmine Hay (Tax); Jennifer Neilsson (Executive Compensation and Employee Benefits); Adeeb Fadil and Noreen Lavan (Environmental); and Alysha Sekhon (Intellectual Property).