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Zebra Technologies Announces Launch of Syndication of $2 Billion Senior Secured Term Loan

Company to pursue debt financing for the acquisition of Motorola's Enterprise business

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By: DAVID SAVASTANO

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

Zebra Technologies announced that it has begun to syndicate a $2 billion Senior Secured Term Loan. Consummation of the Term Loan and actual terms of the Term Loan, including principal amount, interest rate and maturity, will depend on market and other conditions.

Proceeds from the Term Loan, together with cash on hand and proceeds from additional financing in the form of senior unsecured debt securities in an aggregate principal amount of $1.25 billion, will be used 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. The acquisition, which was announced on April 15, 2014, is expected to be completed by the end of 2014.

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