Summary
Motorola Solutions, Inc. (MSI) has filed a Form 8-K to report the closing of its public underwritten offering of $750 million in aggregate principal amount of 3.750% Senior Notes due 2022. This offering, which closed on May 15, 2012, was conducted under an Underwriting Agreement dated May 8, 2012, with major financial institutions including Deutsche Bank Securities, Inc., Goldman Sachs & Co., and J.P. Morgan Securities LLC serving as representatives for the underwriters. This financing action indicates the company's strategy to raise capital through debt issuance. Investors should note the interest rate of 3.750% and the ten-year maturity of these senior notes, which could impact the company's leverage and interest expense. The filing provides details on the offering, the associated underwriting agreement, an officer's certificate, and a specimen note, all of which are incorporated by reference and available as exhibits to the report.
Key Highlights
- 1Closing of a $750 million public offering of 3.750% Senior Notes due 2022.
- 2The offering was underwritten by a syndicate led by Deutsche Bank Securities, Inc., Goldman Sachs & Co., and J.P. Morgan Securities LLC.
- 3The Senior Notes have a maturity date in 2022.
- 4The issuance was made under a registration statement on Form S-3, indicating prior SEC review and approval for debt offerings.
- 5This filing provides investors with details on the terms of the new debt issuance and related agreements.
- 6The company has incorporated key documents like the Underwriting Agreement and Officer Certificate as exhibits.