Johnson Controls 8-K: Debt Offerings and Share Info
Ticker: JCI · Form: 8-K · Filed: Jul 23, 2024 · CIK: 833444
| Field | Detail |
|---|---|
| Company | Johnson Controls International PLC (JCI) |
| Form Type | 8-K |
| Filed Date | Jul 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-offering, financial-disclosure, regulation-fd
TL;DR
JCI dropped an 8-K on 7/23 detailing debt notes and shares. Check the maturities and rates.
AI Summary
On July 23, 2024, Johnson Controls International plc filed an 8-K report detailing results of operations and financial condition. The filing includes information on various debt instruments, such as notes with interest rates ranging from 1.375% due in 2025 to 5.500% due in 2029, and sustainability-linked notes due in 2031. The company also disclosed information regarding its ordinary shares.
Why It Matters
This filing provides insight into Johnson Controls' current financial structure and its ongoing debt management, which can impact its cost of capital and investment capacity.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial information and does not indicate any immediate or significant risks to the company.
Key Numbers
- 1.375% — Notes Interest Rate (Maturity in 2025)
- 5.500% — Notes Interest Rate (Maturity in 2029)
- 2.000% — Sustainability Linked Notes Interest Rate (Maturity in 2031)
Key Players & Entities
- Johnson Controls International plc (company) — Filer
- 0000833444-24-000044.txt (document) — Filing document name
- 20240723 (date) — Filing date
- 1.375% Due 2025 (dollar_amount) — Debt instrument interest rate and maturity
- 5.500% Due 2029 (dollar_amount) — Debt instrument interest rate and maturity
- Sustainability Linked Notes 2.000% Due 2031 (dollar_amount) — Debt instrument interest rate and maturity
FAQ
What is the total principal amount of the debt instruments disclosed in this filing?
The filing does not explicitly state the total principal amount for each debt instrument, only the interest rates and maturity dates.
What are the specific terms and conditions of the 'Sustainability Linked Notes 2.000% Due 2031'?
The filing references these notes but does not detail their specific terms and conditions, which would likely be in an accompanying prospectus or indenture.
Has Johnson Controls International plc issued any new equity as part of this filing?
The filing mentions 'OrdinarySharesParValue0.01Member' but does not indicate a new equity issuance; it appears to be a reference to existing share structure.
What is the purpose of filing this 8-K on July 23, 2024?
The purpose is to report on the company's Results of Operations and Financial Condition, and to provide Regulation FD Disclosure, along with Financial Statements and Exhibits.
What was Johnson Controls International plc formerly known as?
Johnson Controls International plc was formerly known as Tyco International plc, with name changes occurring in 2014, 2010, and 1997.
Filing Stats: 853 words · 3 min read · ~3 pages · Grade level 9.2 · Accepted 2024-07-23 06:07:38
Key Financial Figures
- $0.01 — Registered Ordinary Shares, Par Value $0.01 JCI New York Stock Exchange 1.375% No
Filing Documents
- jci-20240723.htm (8-K) — 53KB
- ex991.htm (EX-99.1) — 32KB
- 0000833444-24-000044.txt ( ) — 386KB
- jci-20240723.xsd (EX-101.SCH) — 8KB
- jci-20240723_def.xml (EX-101.DEF) — 26KB
- jci-20240723_lab.xml (EX-101.LAB) — 53KB
- jci-20240723_pre.xml (EX-101.PRE) — 27KB
- jci-20240723_htm.xml (XML) — 16KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On July 23, 2024, Johnson Controls International plc (the "Company") issued a press release announcing certain preliminary financial information for the fiscal 2024 third quarter ended June 30, 2024 and certain other information. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information contained in this Item 2.02, including the accompanying Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On July 23, 2024, the Company entered into a Stock and Asset Purchase Agreement (the "Purchase Agreement") to sell its residential and light commercial HVAC business to Robert Bosch GmbH. On July 23, 2024, the Company issued a press release announcing the entry into the Purchase Agreement and certain preliminary financial information. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. The information contained in this Item 7.01, including the accompanying Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities under that section and shall not be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act except as shall be expressly set forth by specific reference in such filing.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 99.1 Press release issued by Johnson Controls International plc, dated July 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JOHNSON CONTROLS INTERNATIONAL PLC Date: July 23, 2024 By: /s/ Richard J. Dancy Name: Richard J. Dancy Title: Vice President and Corporate Secretary