Davis Polk advised the joint lead arrangers, joint bookrunners and the administrative agent in connection with a $1.5 billion unsecured revolving credit facility for NXP B.V. and NXP Funding LLC. 

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. Headquartered in Eindhoven, the Netherlands, NXP had approximately 30,000 full-time equivalent employees as of December 31, 2018, 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 Sanders Witkow and Madeleine Vella. Counsel Jeanine P. McGuinness provided regulatory advice. Counsel Alon Gurfinkel and associate K. Daniel Berman provided tax advice. Counsel David A. Zilberberg provided environmental advice. Partner Frank J. Azzopardi and associate Hilary Smith provided intellectual property and technology advice. Counsel Gregory D. Hughes provided executive compensation advice. Members of the Davis Polk team are based in the New York, Washington DC, Northern California and London offices. 

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