Motorola Solutions Announces Pricing For Redemption of $400 Million of Outstanding 5.375% Senior Notes Due Nov. 15, 2012
12 Giugno 2012 - 2:27AM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI) today announced the
consideration to be paid in the previously announced redemption of
its outstanding $400 million aggregate principal amount of 5.375%
Notes due Nov. 15, 2012 (the "Notes").
Security
5.375% Notes due 11/15/2012(CUSIP #
620076AY5)
Reference U.S. Treasury Security
1.375% U.S. Treasury Notedue
11/15/2012
Reference Yield 0.135%
Fixed
Spread (basis points) 25.0
Purchase Price per $1,000
principalamount of Notes
$1,020.86
Accrued Interest per $1,000
principalamount of Notes
$4.33
Total Consideration per
$1,000principal amount of Notes
$1,025.19
The settlement date for Notes redeemed is Thursday, June 14,
2012. The redemption price was determined today at 5 p.m., Eastern
Daylight Time, pursuant to the terms of the Notes. The price for
the Notes is based on the yield to maturity of the 1.375% U.S.
Treasury securities due Nov. 15, 2012 plus a fixed spread of 25
basis points. In addition, Motorola Solutions will pay accrued and
unpaid interest on the principal amount from May 15, 2012 to, but
not including, June 14, 2012, the redemption date. The total
consideration, including accrued interest, for each $1,000
principal amount of Notes redeemed is $1,025.19.
For additional information regarding the redemption, please
contact: The Bank of New York Mellon Trust Company, N.A. at (800)
254-2826 (toll free).
This press release does not constitute an offer to purchase, or
solicitation of an offer to sell, with respect to the Notes.
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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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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