Motorola Solutions tenders for up to $540 million of five note series

By Jennifer Chiou

New York, June 7 - Motorola Solutions, Inc. announced the pricing terms of its cash tender offer for up to $540 million of the following series of notes listed in order of priority acceptance level:

• 6.5% debentures due 2028 with a total consideration of $1,119.89 per $1,000 principal amount;

• 6.5% debentures due 2025 with a total consideration of $1,136.51;

• 6.625% senior notes due 2037 with a total consideration of $1,159.35;

• 6% senior notes due 2017 with a total consideration of $1,165.44; and

• 7.5% debentures due 2025 with a total consideration of $1,199.78.

The payouts include a $50.00 early tender premium for those who tendered prior to 5 p.m. ET on June 6.

The offer will end at midnight ET on June 20.

Motorola said that because the amount of tenders already exceeds the cap, neither the 6% notes nor the 7.5% debentures will be accepted in this offer.

Goldman Sachs & Co. (800 828-3182 or call collect 212 902-5128), Citigroup Global Markets Inc. (800 558-3745 or call collect 212 723-6106) and Credit Suisse Securities (USA) LLC (800 820-1653 or call collect 212 325-5912) are the lead dealer managers. Global Bondholder Services Corp. is the depositary and the information agent (866 794-2200).

Schaumburg, Ill.-based Motorola provides technologies, products, systems and services, including wireless handsets, wireless accessories and digital entertainment devices.

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