Johnson Controls prices senior notes offering

Core Viewpoint - Johnson Controls International plc has announced the pricing of €500 million senior notes due 2033, with proceeds aimed at general corporate purposes including debt repayment and potential acquisitions [1][2]. Group 1: Financial Details - The offering consists of €500 million in senior notes, maturing in 2033 [1]. - The net proceeds will be utilized for general corporate purposes, which may include repayment of outstanding commercial paper, refinancing near-term indebtedness, acquisitions, working capital, share repurchases, dividends, capital expenditures, and investments in subsidiaries [1]. Group 2: Transaction Management - Tyco Fire & Security Finance, S.C.A., a subsidiary of Johnson Controls, is co-issuing the notes [2]. - The transaction is expected to close on December 11, 2024, pending customary closing conditions [2]. Group 3: Underwriters and Managers - BofA Securities, Crédit Agricole CIB, and ING are the joint lead book-running managers for the transaction [3]. - Additional book-running managers include Citigroup, Deutsche Bank, J.P. Morgan, and Morgan Stanley, with several banks serving as co-managers [3]. Group 4: Company Overview - Johnson Controls is recognized as a global leader in smart, healthy, and sustainable buildings, focusing on transforming environments for various sectors [5][6]. - The company has a history of nearly 140 years of innovation and offers a comprehensive digital platform called OpenBlue, catering to industries such as healthcare, education, and manufacturing [6].