June 11, 2012
Motorola Solutions Announces Pricing For Redemption of $400 Million of Outstanding 5.375% Senior Notes Due Nov. 15, 2012
- Redemption Was Originally Announced to Holders on May 15, 2012; Settlement Date Is June 14, 2012
- Total Consideration to Be Paid for Each $1,000 Principal Amount of Notes, Including Accrued Interest, Is $1,025.19
SCHAUMBURG, Ill. – June 11, 2012 – Motorola Solutions, Inc. (NYSE: MSI) today announced the consideration to be paid in the previously announced redemption of its outstanding $400 million aggregate principal amount of 5.375% Notes due Nov. 15, 2012 (the "Notes").
| Security | 5.375% Notes due 11/15/2012 (CUSIP # 620076AY5) |
| Reference U.S. Treasury Security | 1.375% U.S. Treasury Note due 11/15/2012 |
| Reference Yield | 0.135% |
| Fixed Spread (basis points) | 25.0 |
| Purchase Price per $1,000 principal amount of Notes | $1,020.86 |
| Accrued Interest per $1,000 principal amount of Notes | $4.33 |
| Total Consideration per $1,000 principal amount of Notes | $1,025.19 |
The settlement date for Notes redeemed is Thursday, June 14, 2012. The redemption price was determined today at 5 p.m., Eastern Daylight Time, pursuant to the terms of the Notes. The price for the Notes is based on the yield to maturity of the 1.375% U.S. Treasury securities due Nov. 15, 2012 plus a fixed spread of 25 basis points. In addition, Motorola Solutions will pay accrued and unpaid interest on the principal amount from May 15, 2012 to, but not including, June 14, 2012, the redemption date. The total consideration, including accrued interest, for each $1,000 principal amount of Notes redeemed is $1,025.19.
For additional information regarding the redemption, please contact: The Bank of New York Mellon Trust Company, N.A. at (800) 254-2826 (toll free).
This press release does not constitute an offer to purchase, or solicitation of an offer to sell, with respect to the Notes.