Summary
This Form 8-K filing from Motorola, Inc. (the "Company") on October 30, 2007, primarily announces the pricing of a significant debt offering. The company successfully priced three series of senior notes: 5.375% Senior Notes due November 15, 2012, 6.000% Senior Notes due November 15, 2017, and 6.625% Senior Notes due November 15, 2037. The Underwriting Agreement was entered into on October 29, 2007, with J.P. Morgan Securities Inc., Citigroup Global Markets Inc., and Deutsche Bank Securities Inc. acting as representatives for the underwriters. This offering indicates Motorola's strategy to access capital markets for potential funding needs, which could be for general corporate purposes, debt refinancing, or strategic initiatives. Investors should note the specific interest rates and maturity dates associated with each note series, as these details provide insight into the company's cost of debt and its long-term financial obligations.
Key Highlights
- 1Motorola, Inc. priced an offering of senior notes on October 29, 2007.
- 2The offering includes three series of notes with varying interest rates and maturity dates.
- 3The notes are: 5.375% Senior Notes due November 15, 2012.
- 4The notes are: 6.000% Senior Notes due November 15, 2017.
- 5The notes are: 6.625% Senior Notes due November 15, 2037.
- 6Key underwriters include J.P. Morgan Securities Inc., Citigroup Global Markets Inc., and Deutsche Bank Securities Inc.
- 7The filing provides exhibits related to the Underwriting Agreement and forms of the Senior Notes.