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Wireless

Qualcomm prices USD 11 bln worth of new debt

Monday 22 May 2017 | 09:46 CET | News
Qualcomm said it has priced offerings of senior unsecured notes worth a total of USD 11.0 billion. Qualcomm intends to use the proceeds to fund part of its planned acquisition of NXP Semiconductors, as well as for general corporate purposes. The issue is expected to close on or about 26 May, subject to the usual closing conditions. Goldman Sachs, JP Morgan, Merrill Lynch, Pierce, Fenner & Smith, Barclays, Citigroup and Deutsche Bank will act as joint book-running managers.

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Categories: Mobile & Wireless
Companies: NXP Semiconductors / Qualcomm
Countries: World
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