8-K

NXP Semiconductors N.V. 8-K Report (Feb 4, 2013)

Filed February 4, 2013For Securities:NXPI

Summary

This Form 6-K filing by NXP Semiconductors N.V. on February 4, 2013, reports on a significant secondary offering of common stock by its principal stockholders. A total of 30,000,000 shares were offered and priced at $30.35 per share, with the offering expected to close on February 7, 2013. Importantly, NXP Semiconductors N.V. itself will not receive any proceeds from this sale of shares. The selling shareholders include prominent investment firms such as AlpInvest Partners, Apax Partners, Bain Capital Partners, Kohlberg Kravis Roberts & Co., and Silver Lake Technology Management.

Key Highlights

  • 1Secondary offering of 30,000,000 NXP Semiconductors N.V. common shares by principal stockholders.
  • 2Offering priced at $30.35 per share.
  • 3NXP Semiconductors N.V. will not receive any proceeds from this share sale.
  • 4The selling shareholders are affiliates of major investment firms: AlpInvest, Apax Partners, Bain Capital, KKR, and Silver Lake.
  • 5The offering was managed by Barclays and Credit Suisse as joint bookrunning managers.
  • 6The offering was expected to close on February 7, 2013, subject to customary closing conditions.
  • 7This filing is made on Form 6-K, reporting on events not otherwise covered in a Form 20-F annual report.

Frequently Asked Questions

NXP Semiconductors N.V. is filing this Form 6-K to report on a secondary offering of its common stock by certain principal stockholders. This filing includes press releases announcing the commencement and pricing of this offering.

No, NXP Semiconductors N.V. explicitly states that it will not receive any proceeds from the sale of shares in this offering. The funds raised will go directly to the selling shareholders.

The selling shareholders are certain principal stockholders of NXP, including affiliates of prominent investment firms such as AlpInvest Partners B.V., Apax Partners LLP, Bain Capital Partners, LLC, Kohlberg Kravis Roberts & Co. L.P., and Silver Lake Technology Management, LLC.

While NXP receives no proceeds, a secondary offering by major shareholders can be significant. It often indicates a reduction in ownership by large investment firms, potentially signaling a shift in the company's investor base or a liquidity event for those investors. It also increases the number of shares available for trading in the public market.