debt
confidence high
sentiment neutral
materiality 0.55
NXP issues $1.5B in senior notes to redeem $900M 4.625% notes due 2023
NXP Semiconductors N.V.
- Issued $500M of 4.400% Senior Notes due June 1, 2027, and $1B of 5.000% Senior Notes due Jan 15, 2033.
- Proceeds, with existing cash, to redeem $900M of 4.625% senior notes maturing 2023; includes applicable premiums and accrued interest.
- Net proceeds of 2033 Notes allocated to eligible green projects (R&D in green chip, battery control, ADAS, etc.) and energy efficiency.
- Underwriting agreement dated May 12, 2022; closing occurred May 16, 2022.
- Notes are senior unsecured obligations guaranteed by NXP Semiconductors N.V.; callable at make-whole prior to par call dates.