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Stock impact report

NXP Announces Launch of Senior Unsecured Notes Offering

NXP Semiconductors N.V. (NXPI) 
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nxp.com
Company Research Source: GlobeNewswire
EINDHOVEN, The Netherlands, April 29, 2020 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) (together with its subsidiaries, “NXP”) announced today that its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the “Issuers”) intend to commence a private offering of senior unsecured notes (the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Notes will be fully and unconditionally guaranteed on a senior basis by NXP Semiconductors N.V. and will be structurally subordinated to the liabilities, including trade payables, of NXP’s other subsidiaries. In addition, the Notes will be effectively junior to all future secured debt of the Issuers and NXP Semiconductors N.V., to the extent of the value of the assets securing such debt. NXP intends to use a portion of the net proceeds from the offering of the Notes to finance or refinance, in whole or in part, one or more eligible green pro Show less Read more
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