Freescale Semiconductor, Ltd. (FSL) said Thursday that its wholly owned indirect subsidiary, Freescale Semiconductor, Inc., plans to offer $750 million aggregate principal amount of senior secured notes to extend a portion of its debt maturities and reduce its interest expense.
Freescale plans to use the net proceeds from the offering of the notes to redeem all of its outstanding 10 ?% Senior Secured Notes due 2018 in accordance with the indenture governing those notes, and to pay the related premium and fees.
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