NXP Semiconductors N.V. (NXP) announced the upsizing of the notes offering by its subsidiaries NXP B.V. and NXP Funding LLC of USD 500 million to an offering of USD 750 million aggregate principal amount of senior notes due 2018 (unsecured notes) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the Securities Act) and also announced the pricing of the offering. The unsecured notes will be structurally subordinated to the liabilities, including trade payables, of NXP's subsidiaries that have not guaranteed the unsecured notes. In addition, the unsecured notes will be effectively subordinated to all secured debt of the issuers and the guarantors, to the extent of the value of the assets securing such debt. The sale of the unsecured notes is expected to close on or around May 20, 2013. The unsecured notes will bear interest at 3.75% per annum and will mature on June 1, 2018. Interest on the unsecured notes will be payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2013. NXP intends to use the net proceeds of the offering to repay amounts outstanding under its USD denominated floating rate senior secured notes due 2016, and thereby decrease the amount of variable rate debt in its capital structure. In addition, the net proceeds of the offering will be used for general corporate purposes, including the repurchase, redemption or repayment of a portion of NXP's existing long-term secured indebtedness.

NXP Semiconductors NV announced that its subsidiaries NXP B.V. and NXP Funding LLC intend to offer USD 500 million aggregate principal amount of senior notes due 2018 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. The Unsecured Notes will be structurally subordinated to the liabilities, including trade payables, of NXP's subsidiaries that have not guaranteed the Unsecured Notes. In addition, the Unsecured Notes will be effectively subordinated to all secured debt of the issuers and the guarantors, to the extent of the value of the assets securing such debt. NXP intends to use the net proceeds of the offering to repay amounts outstanding under its USD denominated floating rate senior secured notes due 2016, and thereby decrease the amount of variable rate debt in its capital structure.

NXP Presents at Retail World Asia 2013, Apr-24-2013 02:30 PM. Venue: Marina Bay Sands, Singapore. Speakers: Jeff Miles, VP Mobile Transactions.