Johnson Controls

Johnson Controls Prices $1.1 Billion Senior Notes Offering

Press Release   •   Nov 30, 2011 06:41 EST

Johnson Controls, Inc. (NYSE: JCI) (the "Company"), a global diversified company in the buildings and automotive industries, today 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.

The offering is being made under the Company's shelf registration statement filed with the Securities and Exchange Commission and only by means of a prospectus supplement and accompanying prospectus. A copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from either Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by calling toll-free at 1-888-603-5847, or Citigroup Global Markets Inc., Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 or by calling toll-free at 1-877-858-5407.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.