CORK, Ireland, Dec. 9, 2019 /PRNewswire/ -- Johnson Controls
International plc, (NYSE: JCI), is one of the first industrial
companies to tie its senior revolving facilities to
specific sustainability metrics in the U.S. syndicated loan
market. This precedent setting announcement ties Johnson Controls
new five-year senior revolving credit facility and its one-year
senior revolving credit facility to a sustainability-linked pricing
mechanism.
The sustainability metrics are aligned to the safety of Johnson
Controls employees, the greenhouse gas emission reductions the
Company is able to achieve from energy efficiency and renewable
energy customer projects and the greenhouse gas emissions
reductions the Company is able to achieve from its internal
operations.
"Our products and services empower our customers and communities
to consume less energy and conserve resources; that is why I am
proud this industry-leading commitment tied to our line of credit
demonstrates that sustainability is at the heart of our vision and
values," said George Oliver,
chairman and CEO.
A total of 18 banks have agreed to this sustainability line of
credit with Johnson Controls. Joint lead arrangers and joint book
runners on this transaction were JPMorgan Chase Bank, N.A., BofA
Securities, Inc., Barclays Bank PLC and Citibank, N.A. with ING
Capital LLC acting as the sustainability structuring agent.
About Johnson Controls:
At Johnson Controls, we transform the environments where people
live, work, learn and play. From optimizing building performance to
improving safety and enhancing comfort, we drive the outcomes that
matter most. We deliver our promise in industries such as
healthcare, education, data centers and manufacturing. With a
global team of 105,000 experts in more than 150 countries and over
130 years of innovation, we are the power behind our customers'
mission. Our leading portfolio of building technology and solutions
includes some of the most trusted names in the industry, such as
Tyco®, York®, Metasys®, Ruskin®, Titus®, Frick®, Penn®, Sabroe®,
Simplex®, Ansul® and Grinnell®. For more information,
visit www.johnsoncontrols.com or follow us
@johnsoncontrols on Twitter.
CONTACT:
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Fraser
Engerman
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(414)
524-2733
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SOURCE Johnson Controls International plc