debt
confidence high
sentiment neutral
materiality 0.65
NXP issues $1.5B in senior notes in three tranches to redeem existing 2026 notes
NXP Semiconductors N.V.
- Offered $500M 4.300% notes due 2028, $300M 4.850% notes due 2032, $700M 5.250% notes due 2035.
- Net proceeds will redeem $500M 5.350% senior notes due 2026 and $750M 3.875% senior notes due 2026.
- Notes are senior unsecured; guaranteed by NXP Semiconductors N.V. at same ranking as existing senior debt.
- Interest payable semi-annually; each tranche has a par call date one to three months before maturity.
- Issuers may redeem any series before par call date at Treasury rate plus 10-15 bps plus accrued interest.
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