09:42 AM EDT, 05/20/2024 (MT Newswires) -- Johnson Controls International ( JCI ) said Monday it has initiated tender offers to purchase up to $90 million aggregate principal amount of its senior notes for cash.

The offer includes 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.

The tender offers are subject to an aggregate tender cap of $90 million and include an early tender payment of $50 per $1,000 principal amount for securities tendered early, the company said.

The offers are set to expire at 5 p.m. ET on June 18.

Shares of the company were up 2.8% in early Monday trading.

Price: 70.89, Change: +1.87, Percent Change: +2.71