May 15, 2012
MOTOROLA SOLUTIONS ANNOUNCES REDEMPTION OF ALL $400 MILLION OF ITS OUTSTANDING 5.375% SENIOR NOTES DUE NOV. 15, 2012
SCHAUMBURG, Ill. – May 15, 2012 – Motorola Solutions, Inc. (NYSE: MSI), today announced that it has issued a notice to redeem all of its $400 million outstanding 5.375% Senior Notes due Nov. 15, 2012 (CUSIP No. 620076AY5) (“2012 Notes”). In accordance with the terms of the indenture under which the 2012 Notes were issued, the 2012 Notes will be redeemed in full on June 14, 2012 (the “Redemption Date”) at a redemption price based on the yield to maturity of the U.S. Treasury securities with a coupon of 1.375% due Nov. 15, 2012, plus a fixed spread of 25 basis points. The redemption price will be determined at 5 p.m., Eastern Daylight Time, on June 11, 2012. Payments will include accrued and unpaid interest on the principal amount of the 2012 Notes to, but not including, the Redemption Date.
A notice of redemption is being mailed by The Bank of New York Mellon Trust Company, N.A., as trustee for the 2012 Notes, to all registered holders. Copies of the notice of redemption and additional information relating to the procedure for redemption may be obtained from The Bank of New York Mellon Trust Company, N.A. by calling (800) 245-2826.
This announcement is not an offer to purchase or a solicitation of an offer to purchase with respect to any 2012 Notes.
The Company will fund the redemption using a portion of the proceeds it received from the sale of its $750 million aggregate principal amount of 3.750% Senior Notes due 2022 that closed earlier today.