Johnson Controls issues its first Sustainability-Linked Bond ($500m)
Congratulations to Johnson Controls on the issuance of its first Sustainability-Linked Bond ($500m). They have become the first S&P500 industrial company to publish an integrated sustainable finance framework and issue a sustainability-linked bond.
Arthur Cox were very pleased to have acted as Irish counsel to Johnson Controls, working with Simpson Thacher and other advisors, on this landmark transaction. The Arthur Cox team was led by Phil Cody (Finance), Stephen Ranalow (Corporate) and Fintan Clancy (Tax), and included Brendan Kennedy (Finance), Seán Delorey (Finance), Golda Hession (Corporate) and Ciara Fagan (Tax).
More details can be found here.