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Latham & Watkins Advises on Johnson Controls’ €600 Million and US$400 Million Senior Notes Offerings

September 16, 2022
Firm represents underwriters in the offerings by one of the leading companies for smart, healthy, and sustainable buildings.

Johnson Controls (NYSE: JCI), a global leader for smart, healthy, and sustainable buildings, closed its offering of €600 million senior notes due 2028 on September 7, 2022 and closed its offering of US$400 million senior notes due 2032 on September 14, 2022. JCI intends to use the net proceeds from the offerings 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.

Latham & Watkins LLP represented the underwriters in the offerings with a capital markets deal team led by Washington, D.C. partners Patrick Shannon and Jason Licht and Washington, D.C. counsel Christopher Cronin, with associates Jessica Lennon, Lucas Balchun, and Thalia Garcia. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associates Aaron Bernstein and Claire Park.