Johnson Controls Enters Definitive Agreement, Manages Debt
Ticker: JCI · Form: 8-K · Filed: 2024-04-12T00:00:00.000Z
Sentiment: neutral
Topics: financing, debt, agreement
TL;DR
JCI inked a deal and is managing its debt, including sustainability notes.
AI Summary
On April 12, 2024, Johnson Controls International plc entered into a material definitive agreement related to its financing. The filing also lists various notes, including Sustainability Linked Notes due 2031, indicating ongoing financial activities and debt management.
Why It Matters
This filing signals Johnson Controls' active engagement in its financial structure, potentially impacting its cost of capital and investment strategies.
Risk Assessment
Risk Level: low — The filing primarily concerns routine financial agreements and debt instruments, with no immediate indication of significant operational or market risks.
Key Numbers
- 3.625% — Notes Interest Rate (Interest rate on notes due 2024)
- 1.375% — Notes Interest Rate (Interest rate on notes due 2025)
- 3.900% — Notes Interest Rate (Interest rate on notes due 2026)
- 3.000% — Notes Interest Rate (Interest rate on notes due 2028)
- 1.750% — Notes Interest Rate (Interest rate on notes due 2030)
Key Players & Entities
- Johnson Controls International plc (company) — Filer
- 0000833444-24-000023 (filing_id) — Accession Number
- 20240412 (date) — Report Date
- Tyco International plc (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by Johnson Controls on April 12, 2024?
The filing indicates Johnson Controls International plc entered into a material definitive agreement, though specific details of the agreement are not elaborated in the provided text, it is listed under 'Entry into a Material Definitive Agreement'.
What are the different types of notes mentioned in the filing?
The filing lists several types of notes, including 'Notes 3.625% Due 2024', 'Notes 1.375% Due 2025', 'Notes 3.900% Due 2026', 'Notes 3.000% Due 2028', 'Notes 1.750% Due 2030', and 'Sustainability Linked Notes 2.000% Due 2031'.
When was Johnson Controls International plc formerly known as Tyco International plc?
Johnson Controls International plc was formerly known as Tyco International plc with a date of name change on November 17, 2014.
What is the business address of Johnson Controls International plc?
The business address is One Albert Quay, Albert Quay, Cork, L2, 00000.
What is the fiscal year end for Johnson Controls International plc?
The fiscal year end for Johnson Controls International plc is September 30 (0930).
From the Filing
0000833444-24-000023.txt : 20240412 0000833444-24-000023.hdr.sgml : 20240412 20240412074246 ACCESSION NUMBER: 0000833444-24-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 20 CONFORMED PERIOD OF REPORT: 20240412 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240412 DATE AS OF CHANGE: 20240412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Johnson Controls International plc CENTRAL INDEX KEY: 0000833444 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13836 FILM NUMBER: 24840007 BUSINESS ADDRESS: STREET 1: ONE ALBERT QUAY STREET 2: ALBERT QUAY CITY: CORK STATE: L2 ZIP: 00000 BUSINESS PHONE: 414-524-1200 MAIL ADDRESS: STREET 1: 5757 N. GREEN BAY AVENUE STREET 2: P.O. BOX 591 CITY: MILWAUKEE STATE: WI ZIP: 53201 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL plc DATE OF NAME CHANGE: 20141117 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD DATE OF NAME CHANGE: 20100408 FORMER COMPANY: FORMER CONFORMED NAME: TYCO INTERNATIONAL LTD /BER/ DATE OF NAME CHANGE: 19970715 8-K 1 jci-20240412.htm 8-K jci-20240412 0000833444 false 0000833444 2024-04-12 2024-04-12 0000833444 jci:OrdinarySharesParValue0.01Member 2024-04-12 2024-04-12 0000833444 jci:Notes3.625PercentDue2024Member 2024-04-12 2024-04-12 0000833444 jci:Notes1.375PercentDue2025Member 2024-04-12 2024-04-12 0000833444 jci:Notes3.900PercentDue2026Member 2024-04-12 2024-04-12 0000833444 jci:Notes0375PercentDue2027Member 2024-04-12 2024-04-12 0000833444 jci:Notes3000PercentDue2028Member 2024-04-12 2024-04-12 0000833444 jci:Notes1750PercentDue2030Member 2024-04-12 2024-04-12 0000833444 jci:SustainabilityLinkedNotes2000Due2031Member 2024-04-12 2024-04-12 0000833444 jci:Notes1000PercentDue2032Member 2024-04-12 2024-04-12 0000833444 jci:Notes4900PercentDue2032Member 2024-04-12 2024-04-12 0000833444 jci:Notes4250PercentDue2035Member 2024-04-12 2024-04-12 0000833444 jci:Notes6.000PercentDue2036Member 2024-04-12 2024-04-12 0000833444 jci:Notes5.700PercentDue2041Member 2024-04-12 2024-04-12 0000833444 jci:Notes5.250PercentDue2041Member 2024-04-12 2024-04-12 0000833444 jci:Notes4.625Percentdue2044Member 2024-04-12 2024-04-12 0000833444 jci:Notes5.125PercentDue2045Member 2024-04-12 2024-04-12 0000833444 jci:Debentures6.950PercentDueDecember12045Member 2024-04-12 2024-04-12 0000833444 jci:Notes4.500PercentDue2047Member 2024-04-12 2024-04-12 0000833444 jci:Notes4.950PercentDue2064Member 2024-04-12 2024-04-12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): April 12, 2024 JOHNSON CONTROLS INTERNATIONAL PLC (Exact name of registrant as specified in its charter)  Ireland 001-13836 98-0390500 (State or Other Jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) One Albert Quay. Cork , Ireland , T12 X8N6 (Address of principal executive offices and postal code) (353) 21-423-5000 Not Applicable (Registrant’s telephone number) (Former name, former address and former fiscal year, if changed since last report)  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)