Freescale Announces Launch of New Financing under Senior Secured Credit Facilities

  Freescale Announces Launch of New Financing under Senior Secured Credit

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

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

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

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.


Freescale Semiconductor
Mitch Haws, 512-895-2454
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