Motorola Solutions Announces Redemption of All $400 Million of Its Outstanding 5.375% Senior Notes Due Nov. 15, 2012

Loading...
Loading...
Motorola Solutions, Inc.
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.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsFinancingOfferings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...