NXP’s $1.5 Billion Senior Notes Offering

Skadden, Arps, Slate, Meagher & Flom and De Brauw Blackstone Westbroek advised NXP, while Davis Polk advised the joint bookrunners and representatives of the several underwriters in the offering.

The public debt offering by NXP B.V., NXP Funding LLC and NXP USA, Inc. consisted of $500 million principal amount of 4.400% senior notes due 2027 and $1 billion principal amount of 5.000% senior notes due 2033. The notes are guaranteed on a senior unsecured basis by NXP Semiconductors N.V.

The 5.000% senior notes due 2033 are designated as “green bonds,” the net proceeds of which will be used to fund Eligible Green Projects.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC acted as representatives of each of the underwriters for the offering.

NXP is a global semiconductor company. As a world leader in secure connectivity solutions for embedded applications, NXP is pushing boundaries in the automotive, industrial & IoT, mobile, and communication infrastructure markets. Built on more than 60 years of combined experience and expertise, NXP has approximately 31,000 employees in more than 30 countries and posted revenue of $11.06 billion in 2021.

The Davis Polk capital markets team included partner John B. Meade (Picture), counsel Jennifer Ying Lan and associate Courtney Clark. Counsel Tracy L. Matlock provided tax advice.

The De Brauw team included Ferdinand Hengst,
Niek Biegman, Lisa de Boer, Anastasia Grishkova, Dennis de Feij.

Involved fees earner: Courtney Clark – Davis Polk & Wardwell; Tracy Matlock – Davis Polk & Wardwell; John Meade – Davis Polk & Wardwell; Jennifer Ying Lan – Davis Polk & Wardwell; Niek Biegman – De Brauw Blackstone Westbroek; Lisa de Boer – De Brauw Blackstone Westbroek; Dennis de Feij – De Brauw Blackstone Westbroek; Anastasia Grishkova – De Brauw Blackstone Westbroek; Ferdinand Hengst – De Brauw Blackstone Westbroek;

Law Firms: Davis Polk & Wardwell; De Brauw Blackstone Westbroek;

Clients: Citigroup Global Markets Ltd; Deutsche Bank Securities; Goldman Sachs & Co.; NXP Semiconductors N.V.;