Planned Sale of Johnson Controls Power Solutions Business

The credit agreement references the planned sale of Johnson Controls' power solutions business, indicating a divestiture is in progress. The term loan maturity is tied to the closing of this sale.

“the date that is five business days after the consummation of the sale of the Company’s power solutions business.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.