EINDHOVEN, The Netherlands, Sept. 09, 2020 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ: NXPI) thru its subsidiaries NXP B.V. and NXP Investment LLC, delivered realize on September 9, 2020 to the Trustee of its 4.125% Senior Notes due 2021 and four.625% Senior Notes due 2022 that it is going to totally redeem on September 28, 2020, the $400 million of exceptional important of the 4.625% Senior Notes due 2022 and the $1.35 billion of exceptional important of the 4.125% Senior Notes due 2021 (the “Be aware Redemption”).
The corporate will make the most of money on its steadiness sheet to fund the deliberate Be aware Redemption.
This announcement is for informational functions most effective.
About NXP Semiconductors
NXP Semiconductors N.V. (NASDAQ: NXPI) permits protected connections for a wiser global, advancing answers that make lives more straightforward, higher, and more secure. As the sector chief in protected connectivity answers for embedded programs, NXP is riding innovation within the automobile, business & IoT, cellular, and verbal exchange infrastructure markets. Constructed on greater than 60 years of blended revel in and experience, the corporate has roughly 29,000 staff in additional than 30 nations and posted income of $8.88 billion in 2019. To find out extra at www.nxp.com.
Ahead-Taking a look Statements
This press liberate incorporates forward-looking statements throughout the that means of acceptable federal securities rules. The forward-looking statements come with, with out limitation, statements in regards to the Be aware Redemption. Via their nature, forward-looking statements are topic to a large number of elements, dangers and uncertainties that might motive exact results and effects to be materially other from the ones projected. Those elements, dangers and uncertainties come with the next: the period and unfold of the COVID-19 outbreak, its severity, the movements to include the virus or deal with its affect, and the way briefly and to what extent standard financial and running prerequisites can resume; marketplace call for and semiconductor trade prerequisites; the facility to effectively introduce new applied sciences and merchandise; the call for for the products into which NXP’s merchandise are integrated; industry disputes between the U.S. and China, attainable building up of obstacles to global industry and ensuing disruptions to NXP’s established provide chains; the facility to generate enough money, carry enough capital or refinance company debt at or sooner than adulthood to fulfill each NXP’s debt carrier and analysis and construction and capital funding necessities; the facility to correctly estimate call for and fit production manufacturing capability accordingly or download provides from third-party manufacturers; the prospective affect of the outbreak of COVID-19 on NXP’s trade, operations, result of operations, monetary situation, team of workers or the operations or choices of shoppers, providers or trade shoppers; the get admission to to manufacturing capability from third-party outsourcing companions and any occasions that would possibly impact their trade or NXP’s courting with them together with the outbreak of COVID-19 or the necessities to droop actions with shoppers or providers on account of converting import and export rules; the facility to protected good enough and well timed provide of apparatus and fabrics from providers; the facility to steer clear of operational issues and product defects and, if such problems had been to get up, to right kind them briefly; the facility to shape strategic partnerships and joint ventures and to effectively cooperate with alliance companions; the facility to win aggressive bid variety processes; the facility to increase merchandise to be used in shoppers’ apparatus and merchandise; the facility to effectively rent and retain key control and senior product engineers; and, the facility to care for just right relationships with NXP’s providers. As well as, this report incorporates data in regards to the semiconductor trade and NXP’s marketplace and trade segments normally, which is forward-looking in nature and is in line with numerous assumptions in regards to the techniques through which the semiconductor trade and NXP’s marketplace and trade segments might increase. NXP has based totally those assumptions on data lately to be had, if any a number of of those assumptions develop into flawed, exact effects might range from the ones predicted. Whilst NXP does no longer know what affect one of these variations can have on its trade, if there are such variations, its long run result of operations and its monetary situation might be materially adversely affected. There will also be no assurances that an epidemic, epidemic or outbreak of a contagious illnesses, similar to COVID-19, is not going to have a subject material and adversarial affect on our trade, running effects and monetary situation at some point. Readers are cautioned to not position undue reliance on those forward-looking statements, which talk to effects most effective as of the date the statements had been made. Aside from for any ongoing legal responsibility to expose subject material data as required by way of america federal securities rules, NXP does no longer have any aim or legal responsibility to publicly replace or revise any forward-looking statements once we distribute this report, whether or not to replicate any long run occasions or instances or differently. For a dialogue of attainable dangers and uncertainties, please consult with the chance elements indexed in our SEC filings. Copies of our SEC filings are to be had on our Investor Family members site, www.nxp.com/investor or from the SEC site, www.sec.gov.
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