Johnson Controls Completes €500 Million and $250 Million Senior Notes Offering
12.13.24
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Simpson Thacher represented Johnson Controls International plc (“Johnson Controls”) in connection with its registered offerings of €500 million aggregate principal amount of 3.125% Senior Notes due 2033 and $250 million aggregate principal amount of additional 4.900% Senior Notes due 2032, co-issued with its subsidiary, Tyco Fire & Security Finance S.C.A. The additional notes constituted a reopening of the existing $400 million principal amount of the issuers’ 4.900% Senior Notes due 2032 originally issued on September 14, 2022, increasing the aggregate principal amount of such series to $650 million. Johnson Controls intends to use the net proceeds from the sale of the notes for general corporate purposes, including the repayment, redemption or refinancing of outstanding commercial paper and other near-term indebtedness.
Johnson Controls is a global diversified technology and multi-industrial leader serving a wide range of customers around the globe. 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, Ignacio Perez, Ryan Surujnath and Rebecca Carroll (Capital Markets); Jonathan Cantor and Michael Slomovics (Tax); J. Pasco Struhs (Executive Compensation and Employee Benefits); Kate Mirino (Intellectual Property); and Deborah Harris (Corporate - London).