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NXP Announces Early Tender Results of the Tender Offer for 93/4% Senior Secured Notes due 2018(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 15 November 2012 Release date- 14112012 - Eindhoven, Netherlands-NOT FOR DISTRIBUTION IN ITALY-NXP Semiconductors N.V. (NASDAQ: NXPI) (together with its subsidiaries, 'NXP') today announced the early tender results of the previously announced tender offer (the 'Tender Offer') by NXP B.V. for up to $500 million in cash of outstanding U.S. dollar-denominated 9 3/4% Senior Secured Notes due 2018 (the 'Notes'), jointly and severally issued by NXP B.V. and NXP Funding LLC. The purpose of the Tender Offer is to allow NXP to lower its interest cost and to extend the maturity profile of its debt. NXP expects to use funds raised in the debt securities or term loan markets to fund the purchase of the Notes in the Tender Offer. The table below sets forth the results of the Tender Offer for the Notes, according to information provided by Deutsche Bank Trust Company Americas (the 'Tender Agent'), as of the early tender deadline of 5:00 p.m., New York City time, on November 9, 2012. As the aggregate principal amount of the Notes tendered exceeds the $500 million maximum tender amount, the amount of Notes, if any, that will be accepted for purchase will be prorated pursuant to the terms of the offer to purchase dated October 24, 2012 (the 'Offer to Purchase') and the related letter of transmittal (the 'Letter of Transmittal'). CUSIP/ISIN _________________ Title of Notes to be tendered _________________ Outstanding Principal Amount _________________ Amount of Notes Tendered _________________ Approximate Percentage of Notes Tendered _________________ N65965 AN0/ USN65965AN07 62947Q AK4/ US62947QAK40 93/4% Senior Secured Notes due 2018 $922,470,000.00 $678,020,000.00 73.50% Expiration Deadline. The Tender Offer expires at 11:59 p.m., New York City time, on November 26, 2012. The early tender deadline, which was also the withdrawal deadline, has passed. As a result, validly tendered Notes may no longer be withdrawn or revoked. Holders who validly tender additional Notes prior to the expiration time will receive $1,142.50 per $1,000 principal amount of such Notes tendered and accepted for purchase, plus accrued and unpaid interest, and will be subject to proration. Terms and Conditions. The Tender Offer is subject to the satisfaction or waiver of certain terms and conditions, including the Financing Condition. The terms and conditions of the Tender Offer, including the Financing Condition and the proration described above, can be found in the Offer to Purchase and the related Letter of Transmittal. Additional Information. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. are serving together as the dealer managers in connection with the Tender Offer (the 'Dealer Managers'). D.F. King & Co., Inc. is serving as information agent for the Tender Offer (the 'Information Agent'). Deutsche Bank Trust Company Americas is serving as the Tender Agent. Any questions or requests for assistance or additional copies of the Offer to Purchase and the Letter of Transmittal may be directed to the Dealer Managers, the Information Agent or the Tender Agent. You may also contact your broker, dealer, commercial bank or trust company or other nominee for assistance concerning the Offer. Any required documents should be sent or delivered by each holder or its broker, dealer, commercial bank, trust company or other nominee to the Tender Agent at the addresses set forth on the back cover of the Offer to Purchase. None of NXP, NXP B.V., the Dealer Managers, the Information Agent, the Tender Agent, the trustee for the Notes or any of their affiliates are making any recommendations to holders of Notes as to whether to tender or refrain from tendering their Notes in the Tender Offer. Holders of Notes must decide how many Notes they will tender, if any. Qualification. This announcement is neither an offer to purchase nor the solicitation of an offer to sell any of the securities described herein. No offer shall be made in any jurisdiction where such offer or purchase would be unlawful. Holders should seek their own advice based on their particular circumstances from an independent adviser. The offer is made only by, and pursuant to, the terms set forth in the Offer to Purchase and the Letter of Transmittal, and the information in this press release is qualified by reference thereto. About NXP Semiconductors NXP Semiconductors N.V. (NASDAQ: NXPI) provides High Performance Mixed Signal and Standard Product solutions that leverage its leading RF, Analog, Power Management, Interface, Security and Digital Processing expertise. These innovations are used in a wide range of automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer and computing applications. NXP is a global semiconductor company with operations in more than 25 countries. For further press information, please contact: The Dealer Managers BofA Merrill Lynch One Bryant Park New York, New York 10036 Attn: Debt Advisory Collect: +1 (646) 855-3401 Toll-free: +1 (888) 292-0070 Deutsche Bank Securities Inc. 60 Wall Street, 2nd Floor New York, New York 10005 Attn: Liability Management Group Collect: +1 (212) 250-7527 Toll-free: +1 (855) 287-1922 Goldman, Sachs & Co. 200 West Street New York, NY 10282 Attn: Liability Management Group Collect: +1 (800) 828-3182 Toll-free: +1 (212) 902-5183 The Tender Agent Deutsche Bank Trust Company Americas DB Services Americas, Inc. MS JCK01-D218 5022 Gate Parkway, Suite 200 Jacksonville, FL 32256 United States of America Attention: Reorganization Unit Tel: +1-800-735-7777, Option 1 Email: [email protected] The Information Agent D.F. King & Co., Inc. 48 Wall Street, 22nd Floor New York, NY 10005 Tel: +1 (212) 269-5550 Toll-free: +1 (800) 207-3158 E-mail: [email protected] For questions to NXP, please contact: Investors Jeff Palmer [email protected] +1 408 518 5411 Media Lieke de Jong-Tops [email protected] +31(0)40 272 5202 [Editorial queries for this story should be sent to [email protected]] ((Comments on this story may be sent to [email protected])) (c) 2012 Electronic News Publishing - |