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General

NXP Semiconductors prices USD 1.750 bln worth of senior notes

Wednesday 12 June 2019 | 09:47 CET | News

NXP Semiconductors has priced an offering of USD 750 million worth of senior unsecured notes due 2026 and USD 1 billion worth of senior unsecured notes due 2029. The 2026 notes will bear interest at 3.875 percent per year and will mature on 18 June 2026. The 2029 notes will bear interest at 4.300 per year per year and will mature on 18 June 2029. Proceeds raised will be put towards general corporate purposes, including paying back debt or for capex. 

Part of the money will be used to fund the concurrent cash tender offer for USD 600 million worth of 4.125 percent senior notes due 15 June 2020 and to redeem any 4.125 percent 2020 notes remaining, if any. Some money may also be used to refinance any of the outstanding USD 1.150 billion cash convertible notes upon their maturity on 1 December. NXP may also temporarily invest some money in short-term liquid investments. 

The offering for the USD 600 million worth of 4.125 percent senior notes due 2020 will expire on 17 June.



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Categories: General
Companies: NXP Semiconductors
Countries: World
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