8-KOther EventsExhibits & Filings

Motorola Solutions, Inc. 8-K Report, Corporate Update (Feb 23, 2018)

Filed February 23, 2018For Securities:MSI

Summary

Motorola Solutions, Inc. (MSI) announced the successful closing of a public offering of $500 million in aggregate principal amount of 4.600% senior notes due 2028 on February 23, 2018. This offering was conducted under the company's existing shelf registration statement and was executed in accordance with an underwriting agreement dated February 21, 2018. The notes are governed by an indenture dated August 19, 2014, as supplemented by an officers' certificate dated February 23, 2018. This debt issuance provides the company with additional capital, which can be utilized for various corporate purposes, including potential investments, acquisitions, or general working capital needs. Investors should note the interest rate and maturity date of these senior notes, which represent a significant fixed-income component of the company's capital structure. The filing also details the exhibits related to this transaction, offering transparency into the terms and agreements governing the issuance.

Key Highlights

  • 1Motorola Solutions successfully closed a $500 million public offering of 4.600% senior notes due 2028.
  • 2The offering was underwritten and conducted on February 23, 2018.
  • 3The notes were issued pursuant to the company's existing shelf registration statement on Form S-3.
  • 4The issuance is governed by an indenture dated August 19, 2014, and supplemented by an officers' certificate dated February 23, 2018.
  • 5This action indicates the company is actively managing its capital structure and potentially funding growth or operational initiatives.
  • 6The filing provides key documentation as exhibits, including the underwriting agreement, indenture, officers' certificate, and specimen note.

Frequently Asked Questions

The filing does not explicitly state the use of proceeds for this $500 million note issuance. However, such debt issuances are typically used for general corporate purposes, which can include funding strategic initiatives, acquisitions, capital expenditures, refinancing existing debt, or supporting working capital needs.

The new senior notes carry a fixed interest rate of 4.600% per annum and are due in 2028, meaning they mature ten years from the issuance date.

This filing itself does not provide information on the impact to credit ratings. However, adding $500 million in debt will increase the company's leverage. Investors would need to consult separate credit rating agency reports or subsequent financial filings for specific details on rating changes or impacts on existing debt covenants.

The detailed terms are available through the exhibits filed with this Form 8-K. Specifically, Exhibit 4.1 (Indenture), Exhibit 4.2 (Officers' Certificate), and Exhibit 4.3 (Specimen Note) provide the legal framework and specific details of the senior notes.