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NXP Announces Upsizing and Pricing of Senior Unsecured Notes Offering


NXP Announces Upsizing and Pricing of Senior Unsecured Notes Offering

EINDHOVEN, THE NETHERLANDS -- (Marketwired) -- 05/06/13 -- NOT FOR DISTRIBUTION IN ITALY -- NXP Semiconductors N.V. (NASDAQ: NXPI) (together with its subsidiaries, "NXP") announced today the upsizing of the previously announced offering by its subsidiaries NXP B.V. and NXP Funding LLC of USD 500 million to an offering of USD 750 million aggregate principal amount of senior notes due 2018 ("Unsecured Notes") pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") and also announced the pricing of the offering. The Unsecured Notes will be structurally subordinated to the liabilities, including trade payables, of NXP's subsidiaries that have not guaranteed the Unsecured Notes. In addition, the Unsecured Notes will be effectively subordinated to all secured debt of the issuers and the guarantors, to the extent of the value of the assets securing such debt. The sale of the Unsecured Notes is expected to close on or around May 20, 2013.

The Unsecured Notes will bear interest at 3.75% per annum and will mature on June 1, 2018. Interest on the Unsecured Notes will be payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2013.

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.

This announcement is for informational purposes only. No money, securities or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted. Neither this document nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities. No offer or sale of the new notes shall be made in any jurisdiction where such an offer or sale would be unlawful. Any securities referred to herein have not been and will not be registered under the Securities Ac t, and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom.

This press release is not for distribution to any Italian person or any address in the Republic of Italy.

Forward-Looking Statements

This document includes forward-looking statements which include statements regarding NXP's business strategy, financial condition, results of operations and market data, as well as other statements that are not historical facts. By their nature, forward-looking statements are subject to numerous factors, risks and uncertainties that could cause actual outcomes and results to be materially different from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements. Except for any ongoing obligation to disclose material information as required by the United States federal securities laws, NXP does not have any intention or obligation to publicly update or revise any forward-looking statements after NXP distributes this document, whether to reflect any future events or circumstances or otherwise. For a discussion of potential risks and uncertainties, please refer to the risk factors listed in NXP's SEC filings. Copies of NXP's SEC filings are available from the SEC website, www.sec.gov.

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 information, please contact:

Investors Jeff Palmer jeff.palmer@nxp.com +1 408 518 5411

Media Lieke de Jong-Tops lieke.de.jong-tops@nxp.com +31 (0)40 2725202

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