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Zebra Technologies Announces Pricing of $1.05 Billion Senior Unsecured Note Private Offering

Will fund $3.45 billion cash acquisition of the Enterprise business of Motorola Solutions, Inc.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Zebra Technologies Corporation announced the pricing of its offering of $1.05 billion in aggregate principal amount of 7.25% senior unsecured notes due 2022 in a private offering. The notes were priced at 100% of par. The sale of the notes is expected to be completed on Oct. 15, 2014, subject to customary closing conditions.

Zebra intends to use the net proceeds from the Notes offering, together with cash on hand and proceeds from Zebra’s previously announced senior secured term loan, upsized to $2.2 billion, to fund the $3.45 billion cash acquisition of the Enterprise business of Motorola Solutions, Inc, as well as to pay related transaction fees and expenses.

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