Johnson Controls’ Tyco repays $1.25 billion credit agreement

By Wendy Van Sickle

Columbus, Ohio, July 2 – Tyco International Holding, Sarl, a wholly owned subsidiary of Johnson Controls International plc, repaid and terminated on June 28 its $1.25 billion multi-year senior unsecured credit agreement dated March 10, 2016, according to an 8-K filing with the Securities and Exchange Commission.

Citibank, NA was the administrative agent.

Johnson Controls is a Milwaukee-based industrial company with legal headquarters in Cork, Ireland.

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