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FSL > SEC Filings for FSL > Form 8-K on 30-Jan-2013All Recent SEC Filings

Show all filings for FREESCALE SEMICONDUCTOR, LTD. | Request a Trial to NEW EDGAR Online Pro

Form 8-K for FREESCALE SEMICONDUCTOR, LTD.


30-Jan-2013

Other Events


Item 8.01 Other Events.

Freescale Semiconductor, Inc. ("Freescale"), a wholly owned indirect subsidiary of Freescale Semiconductor, Ltd. (the "Company"), is seeking commitments for a new senior secured term loan facility in a principal amount of approximately $2,730,000,000. The proceeds from the new term loan facility are intended to be used to refinance Freescale's outstanding term loans under its existing senior secured credit facility and to pay a portion of the related fees and expenses. Freescale expects to use cash on hand to pay any remaining fees and expenses. The proposed refinancing is expected to, among other things, extend the maturity of Freescale's term loans from 2016 and 2019 to 2020. The new term loan facility would be effected as an amendment to, or an amendment and restatement of, Freescale's existing senior secured credit facility subject to customary conditions. There can be no assurance that Freescale will be successful in amending, or amending and restating, its existing senior secured credit facility or in obtaining the new term loan facility on reasonably acceptable terms, or at all.


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