Freescale Semiconductor calls all $302 million 10¾% notes due 2020

By Marisa Wong

Madison, Wis., July 6 – Freescale Semiconductor, Ltd.’s wholly owned indirect subsidiary, Freescale Semiconductor, Inc., gave notice that it will redeem all $302 million of its outstanding 10¾% senior notes due 2020 on Aug. 5, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed in full at 105.375 plus accrued interest up to, but not including, the redemption date.

Freescale plans to pay the redemption price and interest using a combination of cash on hand and borrowings under its revolving credit facility.

The semiconductor manufacturer is based in Austin, Texas.

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