The investment-grade notes are due 2032, 2042 and 2051

Davis Polk advised the joint bookrunners in connection with an offering by NXP B.V., NXP Funding LLC and NXP USA, Inc. of $1 billion principal amount of 2.650% senior notes due 2032, $500 million principal amount of 3.125% senior notes due 2042 and $500 million principal amount of 3.250% senior notes due 2051 under Rule 144A and Regulation S (with registration rights). The notes are guaranteed on a senior unsecured basis by NXP Semiconductors N.V.

NXP is a global semiconductor company and a long-standing supplier in the industry, with over 50 years of innovation and operating history. NXP provides secure connectivity solutions for embedded applications, driving innovation in the secure connected vehicle, end-to-end security and the smart connected solutions markets. NXP’s products leverage its deep application and technology insight, with particular expertise in embedded digital processing, precision analog-mixed signal design, radio frequency, power management, high-speed interface and end-to-end security. NXP’s hardware and software product solutions are adapted by market leaders in the end-markets of automotive, industrial and IoT, mobile and communications infrastructure. NXP engages with leading global original equipment manufacturers and sells products in all major geographic regions.

The Davis Polk capital markets team included partner John B. Meade, counsel Jennifer Ying Lan and associate Prince Kudolo. Counsel Alon Gurfinkel and associates Omer Harel and Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the New York and London offices.