debt
confidence high
sentiment neutral
materiality 0.60
Zebra Technologies announces $500M senior unsecured note offering due 2032
ZEBRA TECHNOLOGIES CORP
- Offers $500M aggregate principal of senior unsecured notes due 2032 in private offering.
- Net proceeds to repay $172M outstanding on revolving credit facility as of March 30, 2024.
- Remaining proceeds for general corporate purposes, including replenishing cash after repaying receivables facility.
- Notes guaranteed by certain domestic subsidiaries; offered to QIBs and non-U.S. persons under Rule 144A/Reg S.
- Notes not registered under Securities Act; no assurance offering will be consummated.