Davis Polk advised the joint lead arrangers and joint bookrunners and the administrative agent in connection with a $1.0 billion unsecured bridge loan facility for NXP B.V. and NXP Funding LLC for NXP’s repurchase of certain of its outstanding capital stock.
NXP Semiconductors N.V. provides leading high-performance mixed-signal and standard product solutions that leverage its combined portfolio of intellectual property, deep application knowledge, process technology and manufacturing expertise in the domains of cryptography-security, high-speed interface, radiofrequency, mixed-signal analog-digital, power management, digital signal processing and embedded system design. Its product solutions are used in a wide range of automotive, personal security and identification, wireless and wireline infrastructure, mobile communications, multi-market industrial and consumer and computing applications. Headquartered in Eindhoven, the Netherlands, the company has approximately 31,000 employees, with research and development activities and manufacturing facilities in Asia, Europe and the United States.
The Davis Polk finance team included partner James A. Florack and associates Christopher Nairn and Johanna Bachmair. Counsel Jeanine P. McGuinness and associate Britt Mosman provided regulatory advice. All members of the Davis Polk team are based in the New York office.