Latham & Watkins Advises on Johnson Controls' €500 Million and US$250 Million Senior Notes Offerings

Johnson Controls International plc (NYSE: JCI), a global leader for smart, healthy, and sustainable buildings, announced the pricings of its offerings of €500 million senior notes due 2033 and US$250 million senior notes due 2032 (the 2032 Notes). The 2032 Notes will be a further issuance of, and form a single series with, the existing US$400 million aggregate principal amount of 4.900% senior notes due 2032 that were originally issued on September 14, 2022. The net proceeds of the offerings 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.

Latham & Watkins LLP represented the underwriters in the offerings with a capital markets team led by Washington, D.C./New York partner Jason Licht, Washington, D.C. partner Patrick Shannon, and Washington, D.C. counsel Christopher Cronin, with associates Sofia Sitterson and Mari Gonzalez. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson and New York partner Aaron Bernstein, with associate Claire Park.*

*Admitted to practice in Massachusetts only.