Johnson Controls, Inc. Prices $1.1 Billion Senior Notes Offering

Johnson Controls, Inc. announced that it priced a public offering of $1.1 billion aggregate principal amount of fixed rate senior notes consisting of the following: $400 million of senior notes that mature in 2016 and bear interest at a rate of 2.60%, $450 million of senior notes that mature in 2021 and bear interest at a rate of 3.75%, and $250 million of senior notes that mature in 2041 and bear interest at a rate of 5.25%. The Company expects that it will receive approximately $1.09 billion of net proceeds from the offering after deducting underwriting discounts and commissions and expenses of the offering. The Company intends to use the net proceeds from the offering to repay short-term indebtedness and for general corporate purposes. Barclays Capital Inc., Citigroup Global Markets Inc., Banca IMI S.p.A., Credit Agricole Securities (USA) Inc. and J.P. Morgan Securities LLC are serving as joint book-running managers for the offering.