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February 09, 2016 6:15 AM 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: 64
Senior Vice President, General Counsel and Secretary
Age: 56
Executive Vice President and General Manager of High-Performance Mixed-Signal Businesses - Wireless Infrastructure, Lighting, Industrial, Mobile, Consumer and Computing Applications
Age: 52
Executive Vice President and General Manager of High-Performance Mixed for Signal Businesses at Identification Applications
Age: 53
Senior Vice President and General Manager of High-Performance Mixed-Signal Businesses - Automotive Applications
Age: 46
Compensation as of Fiscal Year 2015.

NXP B.V. Key Developments

NXP B.V., and NXP Funding LLCto Allocate New Senior Secured Term Loan Facility

NXP Semiconductors N.V. announced that its subsidiary, NXP B.V., together with NXP Funding LLC, has finalized allocations of up to $2,700,000,000 (the Tranche B Loans) under a new Senior Secured Term Loan Facility. Proceeds of the Tranche B Loans, together with cash-on-hand and/or other available financing resources, will be used to (i) pay the cash consideration in connection with the acquisition of Freescale Semiconductor Ltd. (Freescale), (ii) effect the repayment of any amounts under Freescale's outstanding credit facility and (iii) pay certain transaction costs, in each case simultaneously with the issuance of the Tranche B Loans. The arrangers on the transaction are Credit Suisse, Morgan Stanley Senior Funding Inc., Barclays Bank PLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner and Smith Incorporated. The Tranche B Loans are due 2020, they will bear interest at a rate of LIBOR plus 3.00% per annum, subject to a floor of 0.75% per annum and with original issue discount of 99.25%.

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

NXP Semiconductors N.V. announced the pricing of the previously announced offering by its subsidiaries NXP B.V. and NXP Funding LLC of USD 600 million aggregate principal amount of senior unsecured notes due 2020 and USD 400 million aggregate principal amount of senior unsecured notes due 2022 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. 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 June 9, 2015. The 2020 Notes will bear interest at 4.125% per annum and will mature on June 15, 2020. The 2022 Notes will bear interest at 4.625% per annum and will mature on June 15, 2022. Interest on the Notes will be payable semi-annually on December 15 and June 15 of each year, beginning on December 15, 2015. NXP intends to use the net proceeds from the offering of the Notes, together with cash on hand and/or other available financing resources, to finance the cash portion of the merger consideration payable pursuant to the terms of the merger agreement entered into between NXP and Freescale Semiconductor Ltd. (Freescale) on March 1, 2015, under which, subject to the terms and conditions thereof, NXP will merge with Freescale, to refinance certain of Freescale's indebtedness that becomes due as a result of the Merger, to effect the repayment of any amounts drawn under Freescale's outstanding revolving credit facility and, if NXP so elects, the outstanding revolving credit facility of NXP, and to pay certain transaction costs.

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 USD 500 million aggregate principal amount of senior unsecured notes due 2020 and USD 500 million aggregate principal amount of senior unsecured notes due 2022 pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended. 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. NXP intends to use the net proceeds from the offering of the Notes, together with cash on hand and/or other available financing resources, (i) to finance the cash portion of the merger consideration payable pursuant to the terms of the merger agreement entered into between NXP and Freescale Semiconductor Ltd. on March 1, 2015, under which, subject to the terms and conditions thereof, NXP will merge with Freescale, (ii) to refinance certain of Freescale's indebtedness that becomes due as a result of the Merger, (iii) to effect the repayment of any amounts drawn under Freescale's outstanding revolving credit facility and, if NXP so elects, the outstanding revolving credit facility of NXP, and (iv) to pay certain transaction costs. Alternatively, if the Merger does not close, NXP intends to use the net proceeds from the offering of the Notes to redeem certain of NXP's existing indebtedness and for general corporate purposes.

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