Zebra Technologies calls $750 million portion of 7¼% notes due 2022

By Wendy Van Sickle

Columbus, Ohio, July 6 – Zebra Technologies Corp. plans to redeem $750 million of its $1.05 billion 7¼% senior notes due Oct. 15, 2022, according to an 8-K filing with the Securities and Exchange Commission.

The notes will be redeemed on Aug. 7 at par plus a make-whole premium plus accrued interest to, but excluding, the redemption date.

The redemption is conditioned on Zebra’s receipt of proceeds from one or more new lower-cost financing transactions, including a term loan credit facility, sufficient to pay to redemption costs.

U.S. Bank NA is the trustee.

The printing technologies company is based in Lincolnshire, Ill.

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