Freescale Announces Launch of New Financing under Senior Secured Credit Facilities Business Wire AUSTIN, Texas -- September 3, 2013 Freescale Semiconductor, Ltd., (NYSE: FSL) (the “Company”) announced today that Freescale Semiconductor, Inc. (“Freescale”), its wholly owned indirect subsidiary, is seeking commitments for a new senior secured term loan facility under its existing senior secured credit facilities in an aggregate principal amount of up to $300,000,000.The proceeds from the new term loan are intended to be used to redeem, repurchase or otherwise acquire all of Freescale’s outstanding 10⅛% senior secured notes due 2018 and a portion of its 9¼% senior secured notes due 2018, and to pay related redemption premiums and fees. Freescale will pay for a portion of its expenses with cash on hand. The foregoing does not constitute a notice of redemption for any outstanding notes. The purposes of the transaction and the application of the proceeds are to extend a portion of Freescale’s debt maturities and reduce interest expense. The new term loan facility would be effected as an amendment to Freescale's existing senior secured credit facilities subject to customary conditions. There can be no assurance that the company will be successful in obtaining the new term loan facility on reasonably acceptable terms, or at all. This press release shall not constitute the solicitation of an offer to sell or an offer to buy any securities. Cautionary Note Regarding Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the proposed new term loan facility, the redemption of senior secured notes by Freescale and other statements that are not historical fact. Although we believe the assumptions upon which these forward-looking statements are based are reasonable, any of these assumptions could prove to be inaccurate and the forward-looking statements based on these assumptions could be incorrect. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Some of these factors include market conditions, customary closing conditions and such other risk factors as may be discussed in Freescale Semiconductor, Ltd.’s filings with the Securities and Exchange Commission. We undertake no obligation to update any information contained in this press release. About Freescale Semiconductor Freescale Semiconductor (NYSE:FSL) is a global leader in embedded processing solutions, providing industry leading products that are advancing the automotive, consumer, industrial and networking markets. From microprocessors and microcontrollers to sensors, analog integrated circuits and connectivity – our technologies are the foundation for the innovations that make our world greener, safer, healthier and more connected. Some of our key applications and end-markets include automotive safety, hybrid and all-electric vehicles, next generation wireless infrastructure, smart energy management, portable medical devices, consumer appliances and smart mobile devices. The company is based in Austin, Texas, and has design, research and development, manufacturing and sales operations around the world.www.freescale.com Freescale and the Freescale logo are trademarks of Freescale Semiconductor, Inc., Reg. U.S. Pat. & Tm Off. All other product or service names are the property of their respective owners. © 2013 Freescale Semiconductor, Inc. Contact: Freescale Semiconductor Mitch Haws, 512-895-2454 firstname.lastname@example.org
Freescale Announces Launch of New Financing under Senior Secured Credit Facilities
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