Motorola Solutions Announces Redemption of All $400 Million of Its Outstanding 5.375% Senior Notes Due Nov. 15, 2012
15 Maggio 2012 - 10:33PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI), today announced that it
has issued a notice to redeem all of its $400 million outstanding
5.375% Senior Notes due Nov. 15, 2012 (CUSIP No. 620076AY5) (“2012
Notes”). In accordance with the terms of the indenture under which
the 2012 Notes were issued, the 2012 Notes will be redeemed in full
on June 14, 2012 (the “Redemption Date”) at a redemption price
based on the yield to maturity of the U.S. Treasury securities with
a coupon of 1.375% due Nov. 15, 2012, plus a fixed spread of 25
basis points. The redemption price will be determined at 5 p.m.,
Eastern Daylight Time, on June 11, 2012. Payments will include
accrued and unpaid interest on the principal amount of the 2012
Notes to, but not including, the Redemption Date.
A notice of redemption is being mailed by The Bank of New York
Mellon Trust Company, N.A., as trustee for the 2012 Notes, to all
registered holders. Copies of the notice of redemption and
additional information relating to the procedure for redemption may
be obtained from The Bank of New York Mellon Trust Company, N.A. by
calling (800) 245-2826.
This announcement is not an offer to purchase or a solicitation
of an offer to purchase with respect to any 2012 Notes.
The Company will fund the redemption using a portion of the
proceeds it received from the sale of its $750 million aggregate
principal amount of 3.750% Senior Notes due 2022 that closed
earlier today.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical
communication solutions and services for enterprise and government
customers. Through leading-edge innovation and communications
technology, it is a global leader that enables its customers to be
their best in the moments that matter. Motorola Solutions trades on
the New York Stock Exchange under the ticker “MSI.” To learn more,
visit www.motorolasolutions.com. For ongoing news, please visit our
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MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are
trademarks or registered trademarks of Motorola Trademark Holdings,
LLC and are used under license. All other trademarks are the
property of their respective owners. ©2012 Motorola Solutions, Inc.
All rights reserved.
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