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The Firm represented NXP B.V. and NXP Funding LLC in connection with a Rule 144A and Regulation S offering of $850 million of 4.125% Senior Notes due 2021 and $900 million of 4.625% Senior Notes due 2023. NXP intends to use the proceeds from the offering, together with cash on hand, to (i) effect the repayment of certain amounts drawn under NXP’s existing secured term loan B, and (ii) redeem all of Freescale Semiconductor, Inc.’s outstanding Senior Secured Notes due 2021.

NXP Semiconductors N.V. (NASDAQ: NXPI) enables secure connections and infrastructure for a smarter world, advancing solutions that make lives easier, better and safer. As the world leader in secure connectivity solutions for embedded applications, NXP is driving innovation in the secure connected vehicle, end-to-end security & privacy and smart connected solutions markets. Built on more than 60 years of combined experience and expertise, the company has 45,000 employees in more than 35 countries. 

The Simpson Thacher team included Nick Shaw, Wim De Vlieger, Sven Frode Frølund and Jakob Egle (Capital Markets); Linn Mayhew and Dee Afolami (Credit); and Meredith B. Jones and George Davis (Tax).