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JCI today announced that Adient, the automotive seating and interiors business that it plans to spin off in October, is initiating discussions with lenders as it takes its first steps in securing its capital structure.
Completion of Adient's spin-off from Johnson Controls is subject to a number of conditions, including, among others, effectiveness of Adient's Form 10 registration statement and other customary conditions.
The spin-off remains subject to final approval of the Johnson Controls Board of Directors. Johnson Controls is a global diversified technology and industrial leader serving customers in more than countries.
Ouremployees create quality adiant solutions business plan, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles; and seating components and systems for automobiles.
Our commitment to sustainability dates back to our roots inwith the invention of the first electric room thermostat. Through our growth strategies and by increasing market share we are committed to delivering value to shareholders and making our customers successful.
For additional information, please visit http: All statements in this document other than statements of historical fact are statements that are, or could be, "deemed "forward-looking statements"" within the meaning of the Private Securities Litigation Reform Act of In this document, statements regarding Johnson Controls'' or the combined company's future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements.
Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward-looking statements.
Johnson Controls cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Johnson Controls control, that could cause Johnson Controls' actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: A detailed discussion of risks related to Johnson Controls' business is included in the section entitled "Risk Factors" in Johnson Controls'' Annual Report on Form K for the fiscal year ended September 30, filed with the SEC on November 18, and available at www.
Shareholders, potential investors and others should consider these factors in evaluating the forward-looking statements and should not place undue reliance on such statements.
The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Johnson Controls assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.Adiant is a digital media technology company whose mission is to deliver the most innovative advertising solutions to top quality publishers and advertisers.
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