News Article
NXP Announces Private Offering of US $600 Million
The company intends to use the proceeds from the offering to repay certain of its existing notes including redemption calls, open market purchases and privately negotiated transactions
European based firm NXP B.V. ("NXP") intends, together with NXP Funding LLC, to offer US $600 million aggregate principal amount of senior secured notes due 2018 in a private offering. This is pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act").
NXP currently intends to use the proceeds from the offering to repay certain of its existing notes through redemption calls, open market purchases, privately negotiated transactions, tender offers or some combination thereof, depending upon, among other things, market conditions, and to pay fees and expenses related to the offering.
