Zebra Technologies said it intends to offer, subject to market and other conditions, up to $500,000,000 in aggregate principal amount of senior unsecured notes due 2032 in a private offering, dated May 20, 2024.

1. 01

   Zebra Technologies said it intends to offer, subject to market and other conditions, up to $500,000,000 in aggregate principal amount of senior unsecured notes due 2032 in a private offering, dated May 20, 2024.

2. 02

   The company said it plans to use the net proceeds from the notes offering to repay all outstanding debt under its revolving credit facility, which stood at $172 million as of March 30, 2024.

3. 03

   The company said it plans to use the remaining net proceeds after repaying the revolving credit facility for general corporate purposes, including to replenish cash on hand following the repayment of its receivables financing facility that matured on May 13, 2024.

4. 04

   Zebra Technologies said the notes will be senior unsecured obligations guaranteed by certain of its domestic subsidiaries, and will not be registered under the Securities Act or any other securities laws and are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S. The company said there can be no assurance that the sale of the notes will be completed.

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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

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