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NXP Semiconductors NV Message Board

  • gar4one gar4one May 6, 2013 10:10 PM Flag

    Want to supersize those fries and debt offering :-)

    Guess they had a lot of interest in the debt offering. The rate of 3.75% is Very good ! This should help our interest cost go down.

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    • They did the same thing last offering...it depends upon the rating of the debt as proposed, once we earned a high rating they re size the offering based upon a lower COF. Its a great move and it is already rated! Bottom line is, we have debt to refinance, its a good idea to capitalize and refinance when rates are move favorable than the notes they will retire.....I see as at positive structuring and positioning

      • 1 Reply to twoputtpars
      • From the filing....."NXP intends to use the net proceeds of the offering to repay amounts outstanding under its U.S. dollar denominated floating rate senior secured notes due 2016, and thereby decrease the amount of variable rate debt in its capital structure. In addition, the net proceeds of the offering will be used for general corporate purposes, including the repurchase, redemption or repayment of a portion of NXP's existing long-term secured indebtedness."

        Sentiment: Buy

 
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