Johnson Controls International plc announced the pricing of its offering of EUR 500 million senior notes due 2033. The net proceeds will be used for general corporate purposes, including the repayment, redemption or refinancing of outstanding commercial paper and other near-term indebtedness. General corporate purposes may also include acquisitions, additions to working capital, repurchase of ordinary shares, dividends, capital expenditures and investments in the Company's subsidiaries.
Tyco Fire & Security Finance, S.C.A., a subsidiary of the Company, is the co-issuer of the notes. The closing for the transaction is expected to occur on December 11, 2024, subject to certain customary closing conditions.