Zebra said it completed the private offering of $500,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2032, with net proceeds of about $492 million. The offering closed on May 28, 2024.

1. 01

   Zebra said it completed the private offering of $500,000,000 in aggregate principal amount of 6.500% senior unsecured notes due 2032, with net proceeds of about $492 million. The offering closed on May 28, 2024.

2. 02

   The company said it intends to use the net proceeds to repay all outstanding borrowings under its revolving credit facility, which stood at $172 million as of March 30, 2024, and to use the remainder for general corporate purposes.

3. 03

   The company said the notes mature on June 1, 2032 and bear interest at 6.500% per annum, payable semi-annually in arrears on June 1 and December 1. It said the notes may be redeemed before June 1, 2027 at a make-whole premium, and that up to 40% of the notes may be redeemed at 106.500% with net cash proceeds from certain equity offerings.

4. 04

   The company said that if a change of control triggering event occurs, it must offer to repurchase the notes at 101% of principal plus accrued and unpaid interest. It said the indenture contains covenants that limit liens, subsidiary guarantees of debt without becoming guarantors, and mergers or sales of all or substantially all assets.

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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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