Summary
Motorola Solutions, Inc. (MSI) has filed a Form 8-K to report the successful closing of a public underwritten offering of senior notes on August 19, 2014. The offering raised a total of $1.4 billion across three tranches: $400 million in 3.500% notes due 2021, $600 million in 4.000% notes due 2024, and $400 million in 5.500% notes due 2044. This debt issuance represents a significant capital raise for the company. Investors should note the specific interest rates and maturity dates for each note series, as these will impact the company's future interest expenses and debt repayment obligations. The notes were issued under an indenture with The Bank of New York Mellon Trust Company, N.A., as trustee, and were registered under a Form S-3 filing.
Key Highlights
- 1Completed public offering of $1.4 billion in senior notes on August 19, 2014.
- 2Issued $400 million of 3.500% notes due 2021.
- 3Issued $600 million of 4.000% notes due 2024.
- 4Issued $400 million of 5.500% notes due 2044.
- 5Notes were issued under an indenture with The Bank of New York Mellon Trust Company, N.A. as trustee.
- 6The offering was registered under a Form S-3 filing with the SEC.