Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
March 18, 2009 12:00 AM

Johnson Controls gets $852.5 million from public offering

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Milwaukee, Wisconsin - Automotive seat maker and interiors specialist Johnson Controls Inc. (JCI) has completed its public offering, selling $450 million in equity units, and a further $402.5 million in notes.

    JCI expects the net proceeds from the sale of the equity units of about $436.2 million, with net proceeds from the notes to be about $392.1 million, after deducting fees and estimated expenses.

    The seating and battery specialist had planned to raise $500 million from the offering, to repay short-term debts that have financed general operations.

    JCI also plans to use the money to bring back business from distressed Tier 2 suppliers to its automotive unit, analysts said after a company conference call 10 March.

    "

    Recommended for You
    laboratory lab chemistry istock 800
    Degradable vanillin-based PU has bio-content above 70%
    Unique Fabricating-main_i.jpg
    GM, Stellantis give $15M lifeline to insolvent supplier
    Construction boom
    Huntsman expands in India amidst construction boom
    Latest Issue
    UTech April/May 2023
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe