Motorola Solutions Begins Debt Tender Offer
Thursday, May 09, 2019 | Comments

Motorola Solutions commenced a debt tender offer to purchase for cash four different types of outstanding securities due from 2025 to 2037 up to a maximum waterfall tender amount.

A maximum waterfall tender amount is an aggregate purchase price equal to $500 million less the aggregate purchase price of the notes validly tendered and accepted for purchase in the offer

The tender offers are intended to allow the company to issue new debt securities to fund the repurchase of the securities, thereby extending the maturity date of its near-term debt securities and reducing the amounts outstanding under the higher-cost portion of its debt security portfolio.

The company expects to fund the tender offers with the proceeds from the issuance and sale of debt securities in one or more capital markets transactions, together with available cash on hand.

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