Johnson Controls Inc. stated that it received $494 million from a recent $500 million senior note offering. Johnson Controls Inc. trades on the “New York Stock Exchange” under the stock symbol “JCI”. For the Latest information regarding “JCI”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Johnson Controls Inc. (NYSE:JCI) said Tuesday that it received $494 million from a recent $500 million senior note offering. Income from the 5 percent notes, which are due on March 30, 2020, will be used for general corporate proceeds including short-term debt repayment. The proceeds followed the company’s deduction of underwriting costs as well as other expenses.
About Johnson Controls Inc:
Johnson Controls, Inc. operates in building efficiency, automotive experience, and power solutions businesses worldwide. The company’s building efficiency business designs, produces, markets, and installs integrated heating, ventilating, and air conditioning systems, as well as building management systems, controls, and security and mechanical equipment. It also provides technical services, energy management consulting, and operations of real estate portfolios for the non-residential buildings market. In addition, this business offers residential air conditioning and heating systems. Its automotive experience business designs and manufactures interior products and systems for passenger cars and light trucks, including vans, pick-up trucks, and sport/crossover utility vehicles. This businesses products and systems include seating systems and components; cockpit systems, such as instrument panels and clusters, information displays, and body controllers; overhead systems, including headliners and electronic convenience features; floor consoles; and door systems. It also produces automotive interior systems for original equipment manufacturers. The company’s power solutions business produces lead-acid automotive batteries serving automotive original equipment manufacturers and the general vehicle battery aftermarket. It produces lead-acid batteries, as well as offers absorbent glass mat, nickel-metal-hydride, and lithium-ion battery technologies to power hybrid vehicles. The company was formerly known as Johnson Electric Service Company and changed its name to Johnson Controls, Inc. in 1974. Johnson Controls, Inc. was founded in 1885 and is headquartered in Milwaukee, Wisconsin
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