11:00 AM EDT, 06/04/2024 (MT Newswires) -- Johnson Controls International ( JCI ) on Tuesday announced early results of its cash tender offers to buy up to $90 million aggregate principal amount of its senior notes for cash.
The company added that it expects to increase the maximum purchase amount to $117 million. All other terms of the tender offers remain the same.
The offer included 5.125% senior notes due 2045 with a principal amount of $372 million and 4.500% senior notes due 2047 with a principal amount of $500 million. As of the early tender deadline on Monday, the total principal amount for these securities has been properly submitted and not withdrawn, the company said.
The tender offers will expire on June 18, the company added.
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