Motorola Solutions Announces Redemption of All Remaining $551,767,000 Outstanding of Its 3.750% Senior Notes Due 2022
August 14 2020 - 2:30PM
Business Wire
Motorola Solutions, Inc. (NYSE: MSI) today announced that it has
issued a notice to redeem all of the remaining $551,767,000
outstanding of its 3.750% senior notes due May 15, 2022 (CUSIP No.
620076BB4) (the “Notes”). In accordance with the terms of the
indenture under which the Notes were issued, the Notes will be
redeemed in full on September 14, 2020, (the “Redemption Date”) at
a Redemption Price (as defined below), with respect to the Notes,
equal to the greater of: (a) 100% of the principal amount of the
Notes being redeemed on the Redemption Date and (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 to 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 September 9, 2020.
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 technology platforms in
mission-critical communications, command center software and video
security & analytics, bolstered by managed & support
services, make cities safer and help communities and businesses
thrive. At Motorola Solutions, we are ushering in a new era in
public safety and security. Learn more at
www.motorolasolutions.com.
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are
trademarks or registered trademarks of Motorola Trademark Holdings,
LLC and are used under license. All other trademarks are the
property of their respective owners. ©2020 Motorola Solutions, Inc.
All rights reserved.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200814005422/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
Motorola Solutions (NYSE:MSI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Motorola Solutions (NYSE:MSI)
Historical Stock Chart
From Oct 2023 to Oct 2024