AI English summary of an SEC filing — figures as filed
Motorola Solutions said it closed the public underwritten offering of 5.000% senior notes due 2029 totaling $400,000,000, with the closing on March 25, 2024.
Key points
AI summaryMotorola Solutions said it closed the public underwritten offering of 5.000% senior notes due 2029 totaling $400,000,000, with the closing on March 25, 2024.
The company said it also issued 5.400% senior notes due 2034 totaling $900,000,000 in the same offering, which closed on March 25, 2024.
The company said it will use the net proceeds to repay $1.0 billion in principal of its 1.75% convertible notes due 2024 issued to Silver Lake Partners, to repay $313 million in principal of its 4.000% senior notes due 2024, and for general corporate purposes.
The company said it issued the notes under its Underwriting Agreement dated March 11, 2024, under its Indenture dated August 19, 2014 and its Officers’ Certificate dated March 25, 2024, and offered and sold them under Form S-3 registration statement (File No. 333-277316).
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
2029 Maturity Senior Notes Offering Closed
Motorola Solutions said it closed the public underwritten offering of 5.000% senior notes due 2029 totaling $400,000,000, with the closing on March 25, 2024.
Source · Based on the filing body and exhibits
2034 Maturity Senior Notes Offering Closed
The company said it also issued 5.400% senior notes due 2034 totaling $900,000,000 in the same offering, which closed on March 25, 2024.
Source · Based on the filing body and exhibits
Use of Net Proceeds
The company said it will use the net proceeds to repay $1.0 billion in principal of its 1.75% convertible notes due 2024 issued to Silver Lake Partners, to repay $313 million in principal of its 4.000% senior notes due 2024, and for general corporate purposes.
Source · Based on the filing body and exhibits
Offering Agreements and Registration Statement
The company said it issued the notes under its Underwriting Agreement dated March 11, 2024, under its Indenture dated August 19, 2014 and its Officers’ Certificate dated March 25, 2024, and offered and sold them under Form S-3 registration statement (File No. 333-277316).
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
Loading the filing text…