NXP Semiconductors draws USD 300 million under its revolving credit facility

Eindhoven, The Netherlands – NXP today announced that it has received USD 300 million by drawing under its available revolving credit facility.

Karl-Henrik Sundström, Chief Financial Officer of NXP said today:

“We have drawn USD 300 million under our revolving credit facility. This is a proactive financial decision to further strengthen our solid liquidity position.”

On May 31, NXP’s cash position amounted to USD 1,136 million.

About NXP Semiconductors

NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has about 28,000 employees working in more than 30 countries and posted sales of USD 5.4 billion (including the Mobile & Personal business) in 2008. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in TVs, set-top boxes, identification applications, mobile phones, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.