Business · August 10, 2020 0

Motorola Solutions Announces Tender Offer for up to $215 million

Motorola Solutions Announces Tender Offer for up to $215 million Aggregate Purchase Price of Outstanding Debt

CHICAGO, IL (STL.News) Motorola Solutions, Inc. (NYSE: MSI) (the “Company”) announced today that it has commenced a debt tender offer to purchase for cash up to the Maximum Waterfall Tender Amount (as defined below) in aggregate purchase price of the Company’s outstanding securities listed in the Table below (each, a “Security” and collectively, the “Securities”), subject to the Acceptance Priority Levels as defined below (the “Offer”).  The “Maximum Waterfall Tender Amount” is an aggregate purchase price equal to $215 million, excluding accrued interest.  The tender offer is intended to allow the Company to issue new debt securities to fund the repurchase of the Securities, thereby extending the maturity date of its debt securities.  The Company expects to fund the tender offer with the proceeds from the issuance and sale of debt securities in one or more capital markets transactions, together with available cash on hand.

NOTE: this is NOT the complete release.


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