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NXP Semi (NXPI) Unit Issues $500M in New Senior Debt

December 4, 2012 7:34 AM EST Send to a Friend
NXP Semiconductors N.V. (Nasdaq: NXPI) announced today that its subsidiary, NXP B.V., launched a transaction seeking commitments for up to US$500 million in new senior secured loans ( the “New Loans”), the proceeds of which would be used to fund NXP B.V.’s currently ongoing offer to purchase up to US$500 million in cash of the U.S. dollar-denominated 93/ 4 % Senior Secured Notes due 2018 that NXP B.V. and NXP Funding LLC have outstanding. The New Loans would be drawn as additional loans under NXP’s existing Senior Secured Term Loan Facility dated March 4, 2011 (as amended from time to time). The joint lead arrangers and joint bookrunners on the transaction are Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Goldman Sachs Bank USA.

This announcement is for informational purposes only. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. Neither this document nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities or other instruments.




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