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Johnson Controls Announces Early Results of Its Cash Tender Offers for Its Senior Notes

PR Newswire - Mon Aug 21, 2023

CORK, Ireland, Aug. 21, 2023 /PRNewswire/ -- Johnson Controls International plc (NYSE: JCI) (the "Company" or "Johnson Controls") today announced the early tender results for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for up to $100,000,000 aggregate principal amount (the "Aggregate Tender Cap") of the outstanding senior notes listed in the table below (collectively, the "Securities" and each a "series"). The Company also announced that it anticipates increasing the Aggregate Tender Cap by an amount up to $15,000,000 aggregate principal amount, such that the increased maximum purchase amount would be up to $115,000,000 aggregate principal amount of the Securities, depending on the bid-side price of the applicable "U.S. Treasury Reference Security" to be determined at 9:00 a.m., New York City time, later today. Except as described in this press release, all other terms of the Tender Offers as described in the offer to purchase, dated August 7, 2023 (as it may be amended or supplemented from time to time, the "Offer to Purchase"), remain unchanged.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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