The company said it priced a private offering of senior unsecured notes totaling $500,000,000 in principal amount, with a 6.500% coupon, due in 2032, on May 22, 2024. Unless earlier repurchased or redeemed, the notes will mature on June 1, 2032.

1. 01

   The company said it priced a private offering of senior unsecured notes totaling $500,000,000 in principal amount, with a 6.500% coupon, due in 2032, on May 22, 2024. Unless earlier repurchased or redeemed, the notes will mature on June 1, 2032.

2. 02

   The company said the notes offering is expected to close on May 28, 2024, subject to customary closing conditions. It said the notes will be senior unsecured obligations of Zebra and will be guaranteed by certain of its U.S. subsidiaries.

3. 03

   Zebra said it intends to use the net proceeds from the notes to repay all outstanding borrowings under its revolving credit facility. Those borrowings were $172 million as of March 30, 2024.

4. 04

   The company said it intends to use the remaining net proceeds for general corporate purposes, including to replenish cash on hand after repaying its receivables financing facility, which matured on May 13, 2024. The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.

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Original filing

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