August 30, 2016 5:23 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of NXP B.V.

Company Overview

NXP B.V. manufactures and sells semiconductor chips. The company’s products include amplifiers, bipolar transistors, data converters, diodes, logic devices, microcontrollers, power management integrated circuits (ICs), radio frequency devices, sensors, thyristors, MOSFETs, interface and connectivity solutions, and identification and security solutions, as well as ESD, EMI, and signal conditioning. Its Standard Products business supplies a range of standard semiconductor components, such as small signal discrete, power discrete and integrated discrete, and mobile device speakers and receivers. Its product solutions are used in a range of automotive, identification, wireless infrastructure, li...

High Tech Campus 60

Eindhoven,  5656 AG

Netherlands

Founded in 1990

Phone:

31 402 729 999

Fax:

31 402 724 618

Key Executives for NXP B.V.

Chief Executive Officer, President, and Executive Director
Age: 65
Executive Vice President and General Manager of High-Performance Mixed for Signal Businesses at Identification Applications
Age: 54
Senior Vice President and General Manager of High-Performance Mixed-Signal Businesses of Automotive Applications
Age: 47
Vice President of Marketing for Standard Products Business
Senior Director of Business Development, Strategy and Marketing for Identification (ID) business in North America
Compensation as of Fiscal Year 2016.

NXP B.V. Key Developments

NXP Announces Launch of Senior Unsecured Notes Offering

NXP Semiconductors N.V. announced that its subsidiaries NXP B.V. and NXP Funding LLC intend to offer an aggregate principal amount of $1,000 million of senior unsecured notes due 2022 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (Securities Act). The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by certain of NXP’s wholly-owned subsidiaries located in the Netherlands and the United States (Notes Guarantors) and will be structurally subordinated to the liabilities, including trade payables, of NXP’s subsidiaries that have not guaranteed the Notes. In addition, the Notes will be effectively subordinated to all secured debt of the issuers and the Notes Guarantors, to the extent of the value of the assets securing such debt. NXP intends to use the net proceeds from the offering of the Notes, together with cash on hand, to redeem the remaining $960 million aggregate principal amount of its outstanding senior secured notes due 2022 and to pay for certain costs and expenses related thereto. The Notes, as guaranteed by the Notes Guarantors, have not been registered under the Securities Act, or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

NXP B.V. and NXP Funding LLC Announce Launch of Senior Unsecured Notes Offering

NXP Semiconductors N.V. announced that its subsidiaries NXP B.V. and NXP Funding LLC intend to offer a tap issue of their existing 4.125% senior notes due 2021 for an aggregate principal amount of $500 million pursuant to Rule 144A and Regulations under the U.S. Securities Act of 1933, as amended. The Additional Notes are of the same class as the existing 4.125% senior notes due 2021 originally issued on May 23, 2016. The Additional Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by certain of NXP’s wholly-owned subsidiaries located in the Netherlands and the United States and will be structurally subordinated to the liabilities, including trade payables, of NXP’s subsidiaries that have not guaranteed the Additional Notes. In addition, the Additional 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. NXP intends to use the net proceeds from the offering of the Additional Notes to repay $200 million aggregate principal amount of its outstanding senior notes due 2016 and use the remainder of the proceeds for general corporate purposes.

NXP B.V. and NXP Funding LLC Announce Pricing of Senior Unsecured Notes Due 2021 and 2023

NXP Semiconductors N.V. announced the pricing of the previously announced offering by its subsidiaries NXP B.V. and NXP Funding LLC of $850 million aggregate principal amount of senior unsecured notes due 2021 and $900 million aggregate principal amount of senior unsecured notes due 2023 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the Securities Act). The 2021 Notes will bear interest at 4.125% per annum and will mature on June 1, 2021. The 2023 Notes will bear interest at 4.625% per annum and will mature on June 1, 2023. Interest on the Notes will be payable semi-annually on June 1 and December 1 of each year, beginning on December 1, 2016. The Notes will be fully and unconditionally guaranteed, jointly and severally, on a senior basis by certain of NXP's wholly-owned subsidiaries located in the Netherlands and the United States and will be structurally subordinated to the liabilities, including trade payables, of NXP's subsidiaries that have not guaranteed the Notes. In addition, the 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 issuance of the Notes is expected to close on or around May 23, 2016. NXP intends to use the net proceeds from the offering of the Notes and cash on hand to repay $1,250 million aggregate principal amount of its existing secured term loan B due 2020 and $500 million aggregate principal amount of its outstanding senior secured notes due 2021.

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