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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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.