The investment-grade notes will be used to fund a concurrent tender offer

Davis Polk advised the representatives of the several underwriters in connection with an SEC-registered offering of $600 million aggregate principal amount of 5.600% senior notes due 2032 by Motorola Solutions, Inc.

Davis Polk is also advising the dealer managers in connection with Motorola Solutions, Inc.’s concurrent cash tender offer for up to an aggregate purchase price of $275 million of its 4.000% senior notes due 2024.

Motorola Solutions, Inc. intends to use the net proceeds from the offering to repurchase the notes that are tendered in the tender offer and to pay related fees and expenses of the tender offer. The excess net proceeds will be used for general corporate purposes.

Based in Chicago, Illinois, Motorola Solutions is a global leader in public safety and enterprise security. Its solutions in land mobile radio communications, video security & access control and command center software, bolstered by managed & support services, create an integrated technology ecosystem to help make communities safer and businesses stay productive and secure. The company serves more than 100,000 public safety and commercial customers in over 100 countries, providing “purpose-built” solutions designed for their unique needs.

The Davis Polk capital markets team included partner Byron B. Rooney and counsel Jennifer Ying Lan. Counsel Tracy L. Matlock and associate Betsy Johnson provided tax advice. Partner Pritesh P. Shah and associate Alexis N. Wallace provided intellectual property advice. Counsel Michael Comstock and Loyti Cheng and associate Timothy J. Sullivan provided environmental advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post