NXP said its subsidiary NXP B.V. entered into an unsecured senior loan facility agreement with the European Investment Bank on November 22, 2024 for €640.0 million. The company said the maximum tenor of loans under the agreement is 6 years.

1. 01

   NXP said its subsidiary NXP B.V. entered into an unsecured senior loan facility agreement with the European Investment Bank on November 22, 2024 for €640.0 million. The company said the maximum tenor of loans under the agreement is 6 years.

2. 02

   The company said it expects the loan proceeds, together with a second facility of €360.0 million expected to be concluded in January 2025, to fund research, development and innovation of semiconductor devices, technologies and solutions in 5 European countries.

3. 03

   The company said borrowings may be denominated in U.S. Dollars or Euros and may bear fixed or floating interest rates, and that the rates include a margin based on its credit rating. NXP Semiconductors N.V., NXP Funding LLC and NXP USA, Inc. guarantee NXP B.V.'s obligations.

4. 04

   The company said the issuers established an unsecured commercial paper program on November 21, 2024, with outstanding notes not to exceed $2.0 billion. Maturities are within 397 days of issuance, and no notes had been issued as of the date of the report.

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