NXP Semiconductors Announces Pricing of Senior Unsecured Notes Offering
EINDHOVEN, The Netherlands, Aug. 12, 2025 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI) (together with its subsidiaries, "NXP") announced today the pricing of an offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the "Issuers") of $500,000,000 aggregate principal amount of 4.300% senior unsecured notes due 2028 (the "2028 Notes"), $300,000,000 aggregate principal amount of 4.850% senior unsecured notes due 2032 (the "2032 Notes") and $700,000,000 aggregate principal amount of 5.250% senior unsecured notes due 2035 (the "2035 Notes" and, collectively with the 2028 Notes and the 2032 Notes, the "Notes").
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. The issuance of the Notes is expected to close on or around August 19, 2025 subject to customary closing conditions.
NXP intends to use the net proceeds from the offering of the Notes to redeem the $500 million aggregate principal amount of outstanding dollar-denominated 5.350% senior unsecured notes due 2026 (the "5.350% 2026 Notes") and the $750 million aggregate principal amount of outstanding dollar-denominated 3.875% senior unsecured notes due 2026 (the "3.875% 2026 Notes"), in accordance with the terms of the applicable indenture governing such notes, including all premiums, accrued interest and costs and expenses related to such redemptions. Pending such application, such proceeds and the excess net proceeds from the Notes will be temporarily held as cash and other short-term securities or used for general corporate purposes, which may include capital expenditures or short-term debt repayment.
Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC and UBS Investment Bank are acting as joint book-running managers for the offering of the Notes.
This offering is only being made pursuant to an effective shelf registration statement (including a prospectus and preliminary prospectus supplement) filed by the Issuers and NXP with the Securities and Exchange Commission (the "SEC"). Before you invest, you should read the registration statement, prospectus, the related preliminary prospectus supplement and the other documents incorporated by reference that NXP has filed with the SEC for more complete information about NXP and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Issuers, NXP, any underwriter or any dealer participating in the offering will arrange to send you the documents if you request them by contacting Barclays Capital Inc. at 1-888-603-5847; Goldman Sachs & Co. LLC at 1-866-471-2526; J.P. Morgan Securities LLC at 1-212-834-4533; PNC Capital Markets LLC at 1-855-881-0697 or UBS Investment Bank at 1-833-481-0269.
The Notes are not intended to be offered, sold or ...
