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Published on 9/10/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

NXP plans to repay 9¾% senior secured notes via new offering proceeds

By Tali David

Minneapolis, Sept. 10 - NXP Semiconductors NV and its subsidiaries plan to repay amounts outstanding under its dollar-denominated 9¾% senior secured notes due 2018 with the proceeds from a senior note offering, according to a news release.

Proceeds will also be used for general corporate purposes.

The issuer is a semiconductor company based in Eindhoven, the Netherlands.


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