NXP Semiconductors N.V. (NXPI) Monday said its subsidiary, NXP B.V., together with NXP Funding LLC, has concluded a new $500 million Senior Secured Term Loan Facility due in 2017. The transaction is scheduled to close within a month.
The new loan has a margin of 3.25% above LIBOR, combined with a LIBOR floor of 1.25%, and was priced at 99.5%. The sole lead arranger on the transaction was Barclays Capital, the investment banking arm of Barclays Bank plc.
NXP separately said it intends to issue redemption notices for all $362 million outstanding of its 7.875% Senior Secured Notes due 2014, together with $100 million of its US dollar-denominated Floating Rate Notes due 2013 and $200 million of its Euro-denominated Floating Rate Notes due 2013.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.