Johnson Controls announces senior notes offering due 2028 and 2032

Johnson Controls International plc (NYSE:JCI) (“JCI”) announced its €600 million offering of 3% senior notes due 2028 and its US$400 million offering of 4.9% senior notes due 2032.

The net proceeds will be used for general corporate purposes, including the repayment or redemption of near-term indebtedness. General corporate purposes may also include acquisitions, additions to working capital, repurchase of ordinary shares, dividends, capital expenditures and investments in JCI’s subsidiaries.

JCI is a global leader in smart, healthy and sustainable buildings, with experts across 150 countries and the largest portfolio of building technology and software in the industry.

McMillan acted as Canadian counsel to JCI, advising on the execution of both senior note offerings, with a particular focus on the complex cross-border aspects. Sandra Zhao led the transaction with support from Matthew DeAmorim.

To address our client’s needs and objectives, and help them stay ahead as they reach their goals, our Capital Markets & Securities Group joined forces with our Corporate Finance Group. Our legal teams are skilled at structuring and closing complex transactions in Canadian, US and international capital markets, and providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps us deliver unmatched value to our clients.