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Prospect News home > News index > List of issuers Paydowns > Headlines for Altivity Packaging, LLC > News item
Published on 5/18/2016 in the Prospect News Bank Loan Daily.

NXP to pay down term loan B with senior notes offering proceeds

By Sara Rosenberg

New York, May 18 – NXP (NXP BV/NXP Funding LLC) intends to repay $1.25 billion of its senior secured term loan B due 2020 with a portion of the proceeds from a senior unsecured notes offering, according to a market source.

Remaining proceeds will be used to repay in full the $500 million senior secured notes due 2021 at Freescale.

NXP is an Eindhoven, Netherlands-based maker of semiconductors.


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