2019-05-10

Motorola Solutions announces increase in aggregate purchase price of tender offers for certain of its outstanding debt

Source: Motorola Solutions

Motorola Solutions, Inc. announced today that it has increased the aggregate purchase price of its debt tender offers to purchase for cash (i) any and all of the Company’s outstanding securities listed in Table I below (the “Any and All Notes”) (such offer, the “Any and All Offer”), and (ii) up to the Maximum Waterfall Tender Amount (as defined below) in aggregate purchase price of the Company’s outstanding securities listed in Table II below (collectively, the “Waterfall Notes” and, together with the Any and All Notes, the “Securities”), subject to the Acceptance Priority Levels as defined below (such offer, the “Waterfall Offer”).

The “Maximum Waterfall Tender Amount” has been increased from (i) an aggregate purchase price equal to $500 million less the aggregate purchase price of the Any and All Notes validly tendered and accepted for purchase in the Any and All Offer to (ii) an aggregate purchase price equal to $650 million less the aggregate purchase price of the Any and All Notes validly tendered and accepted for purchase in the Any and All Offer. All other terms of tender offers remain unchanged.