Motorola Solutions to repurchase $313 million 4% notes due 2024

By Marisa Wong

Los Angeles, March 11 – Motorola Solutions, Inc. plans to repurchase $313 million of its 4% senior notes due 2024 using proceeds from a two-part offering of senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

Proceeds from the new notes will also be used to repurchase $1 billion of the company’s 1.75% convertible notes due 2024 issued to Silver Lake Partners and for general corporate purposes.

The telecommunications equipment company is based in Chicago.

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