Motorola Solutions announces increase to $315 million aggregate purchase price of tender offer for certain of its outstanding debt

Source: Motorola Solutions

Motorola Solutions, Inc. (NYSE: MSI) announced that it has increased the aggregate purchase price of its debt tender offer to purchase for cash up to the Maximum Waterfall Tender Amount (as defined below) in aggregate purchase price of the Company’s outstanding securities listed in the Table below (each a “Security and collectively the “Securities”), subject to the Acceptance Priority Levels as defined below (the “Offer”).

The “Maximum Waterfall Tender Amount” has been increased from an aggregate purchase price equal to $215 million to an aggregate purchase price equal to $315 million. All other terms of the tender offer remain unchanged.

The tender offer is intended to allow the Company to issue new debt securities to fund the repurchase of the Securities, thereby extending the maturity date of its debt securities. The Company expects to fund the tender offer with the proceeds from the issuance and sale of debt securities in one or more capital markets transactions, together with available cash on hand.