NXP secures €360M EIB loan for semiconductor R&D in Europe

NXP Semiconductors N.V.

Facility with European Investment Bank provides €360M unsecured senior loan for R&D in five European countries.
Loan may be EUR or USD denominated, fixed or floating rate, with tenor up to six years.
Obligations guaranteed by NXP Semiconductors N.V., NXP Funding LLC, and NXP USA, Inc.
Covenants and events of default consistent with NXP's existing $2.0B revolving credit agreement.
Borrowings will fund research, development, and innovation of semiconductor devices, technologies, and solutions.

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