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.