debt
confidence high
sentiment neutral
materiality 0.60
Motorola Solutions issues $1.3B senior notes; refinances $1.313B in near-term debt
Motorola Solutions, Inc.
- Issued $400M of 5.000% senior notes due 2029 and $900M of 5.400% senior notes due 2034.
- Net proceeds to repurchase $1.0B of 1.75% convertible notes due 2024 from Silver Lake.
- Also to repay $313M of 4.000% senior notes due 2024; remainder for general corporate purposes.
- Notes issued under existing indenture; underwriting closed March 25, 2024.