Motorola Solutions Announces Redemption of All Remaining $324,029,000 Outstanding of Its 3.500% Senior Notes Due 2023
May 11 2021 - 4:10PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI) today announced that it has
issued a notice to redeem all of the remaining $324,029,000
outstanding of its 3.500% senior notes due March 1, 2023 (CUSIP No.
620076BC2) (the “Notes”). In accordance with the terms of the
indenture under which the Notes were issued, the Notes will be
redeemed in full on June 10, 2021 (the “Redemption Date”) at a
Redemption Price (as defined below), with respect to the Notes,
equal to the greater of: (a) 100% of the aggregate principal amount
of the Notes being redeemed on the Redemption Date or (b) the sum
of the present values of the Remaining Scheduled Payments of
principal and interest on the Notes (not including any portion of
any payments of interest accrued as of the Redemption Date),
discounted to the Redemption Date on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months) at the Treasury
Rate, plus 0.30% (30 basis points), as determined by the
Independent Investment Banker, plus, in the case of both (a) and
(b) above, accrued and unpaid interest on the Notes being redeemed
to, but not including, the Redemption Date (the “Redemption
Price”). The Redemption Price will be determined at 5:00 pm Eastern
Daylight Time, on June 7, 2021.
A notice of redemption is being delivered by The Bank of New
York Mellon Trust Company, N.A., as trustee for the Notes, to all
registered holders. Copies of the notice of redemption and
additional information relating to the procedure for redemption may
be obtained from The Bank of New York Mellon Trust Company, N.A. by
calling (800) 254-2826.
This announcement is not an offer to purchase or a solicitation
of an offer to purchase with respect to any Notes.
About Motorola Solutions
Motorola Solutions is a global leader in mission-critical
communications and analytics. Our technologies in land mobile radio
mission-critical communications, video security & analytics and
command center software, bolstered by managed & support
services, make communities safer and help businesses stay
productive and secure. At Motorola Solutions, we are ushering in a
new era in public safety and security. Learn more at
www.motorolasolutions.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210511005985/en/
Investor Contact: Tim Yocum Motorola Solutions +1
847-576-6899 Tim.Yocum@motorolasolutions.com
Media Contact: Alexandra Reynolds Motorola Solutions +1
312-965-3968 Alexandra.Reynolds@motorolasolutions.com
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