Seeking Alpha

NXP selling $500M in Sep. 2016 notes in debt refinancing move

  • NXP (NXPI) will use the senior notes, which carry an interest rate of just 3.5%, to redeem 2018 senior notes carrying a 9.75% interest rate, and for "general corporate purposes." (PR)
  • Thanks to its P-E legacy, the chipmaker had $3.38B in debt at the end of Q2, offset by just $569M in cash. Q2 interest payments totaled $25M.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: