Deals
Freescale Files to Raise $1.15 Billion in Stock Sale
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Freescale Semiconductor Inc., the chipmaker partly owned by Blackstone Group LP, plans to raise $1.15 billion in what would be the biggest initial share sale by a U.S. technology company since Google Inc. went public in 2004.
The company will use proceeds to pay down the balance of a $764 million loan maturing next year and other debt, it said in a regulatory filing today. Freescale has total debt of $7.62 billion, according to the filing.