EINDHOVEN,
Holders that validly tendered their 2020 Notes at or prior to the expiration
of the Tender Offer and did not validly withdraw their 2020 Notes will receive
the Tender Offer consideration of
The Tender Offer was made pursuant to the terms and subject to the conditions set forth in the Offer to Purchase and the related letter of transmittal and notice of guaranteed delivery.
The Issuers plan to redeem any and all of the 2020 Notes not purchased in the
Tender Offer at the make-whole redemption price provided in the indenture
governing the 2020 Notes (the “2020 Notes Redemption”), with a redemption date
not later than
The Issuers will use approximately
BofA Merrill Lynch,
This press release is neither an offer to purchase nor a solicitation of an offer to sell any of the 2020 Notes, or an offer to sell or a solicitation of an offer to purchase the New Notes pursuant to the Offering nor is it a solicitation for acceptance of the Tender Offer, nor shall it constitute a notice of redemption under the indenture governing the 2020 Notes.
About
Forward-Looking Statements
This document includes
forward-looking statements which include statements relating to the Offering,
the Tender Offer, the 2020 Notes Redemption and the refinancing of the Cash
Convertible Notes. By their nature, forward-looking statements are subject to
numerous factors, risks and uncertainties that could cause actual outcomes and
results to be materially different from those projected. These factors, risks
and uncertainties include the following: the risk that the Tender Offer, the
Offering, the 2020 Notes Redemption and the refinancing of the Cash
Convertible Notes may not be completed on the proposed terms, or at all. The
following risks, among others, could affect our business and financial
performance: market demand and semiconductor industry conditions; the ability
to successfully introduce new technologies and products; the end-market demand
for the goods into which NXP’s products are incorporated; the ability to
generate sufficient cash, raise sufficient capital or refinance corporate debt
at or before maturity; the ability to meet the combination of corporate debt
service, research and development and capital investment requirements; the
ability to accurately estimate demand and match manufacturing production
capacity accordingly or obtain supplies from third-party producers; the access
to production capacity from third-party outsourcing partners, and any events
that might affect third-party business partners or NXP’s relationship with
them; the ability to secure adequate and timely supply of equipment and
materials from suppliers; the ability to avoid operational problems and
product defects and, if such issues were to arise, to correct them quickly;
the ability to form strategic partnerships and joint ventures and to
successfully cooperate with alliance partners; the ability to win competitive
bid selection processes to develop products for use in customers’ equipment
and products; the ability to achieve targeted efficiencies and cost savings;
the ability to successfully hire and retain key management and senior product
architects; and, the ability to maintain good relationships with our
suppliers. Readers are cautioned not to place undue reliance on
forward-looking statements, which speak to results only as of the date the
statements were made. Except for any ongoing obligation to disclose material
information as required by
For further information, please contact:
Investors | Media |
Jeff Palmer | Jacey Zuniga |
jeff.palmer@nxp.com | jacey.zuniga@nxp.com |
+1 408 518 5411 | +1 512 895 7398 |
Source: NXP USA, Inc.