debt
confidence high
sentiment neutral
materiality 0.60
Motorola Solutions enters $1.5B in delayed-draw term loans to fund Silvus acquisition
Motorola Solutions, Inc.
- 364-day delayed-draw term loan of $750M with Mizuho Bank as administrative agent; maturity 364 days from funding date.
- Three-year delayed-draw term loan of $750M with Bank of America as administrative agent; maturity three years from funding date.
- Both facilities finance a portion of Silvus Acquisition consideration, refinance Silvus debt, and pay fees.
- Commitments terminate if Silvus acquisition not closed by May 26, 2026; borrowings subject to leverage ratio covenant.
- Interest rates based on Term SOFR or base rate plus applicable margin; ticking and extension fees apply.
item 1.01item 9.01