FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Morgan Stanley, Others Arrange $2B Term Loan for Zebra Technologies

September 17, 2014, 07:06 AM
Filed Under: Technology

Zebra Technologies Corporation announced that it has begun to syndicate a $2 billion Senior Secured Term Loan (the "Term Loan"). Consummation of the Term Loan and actual terms of the Term Loan, including principal amount, interest rate and maturity, will depend on market and other conditions.

Proceeds from the Term Loan, together with cash on hand and proceeds from additional financing in the form of senior unsecured debt securities in an aggregate principal amount of $1.25 billion, will be used to fund the $3.45 billion cash acquisition of the Enterprise business of Motorola Solutions, Inc., as well as to pay related transaction fees and expenses. The acquisition, which was announced on April 15, 2014, is expected to be completed by the end of 2014.

Morgan Stanley Senior Funding, Inc., J.P. Morgan Securities LLC and Deutsche Bank Securities Inc. will act as joint lead arrangers for the Term Loan. Morgan Stanley Senior Funding, Inc. and J.P. Morgan Securities LLC will act as joint book runners.

A global leader in enterprise asset intelligence, Zebra Technologies Corporation offers solutions that give a virtual voice to an organization's assets, people and transactions, enabling organizations to unlock greater business value. The company's extensive portfolio of innovative and reliable marking and printing products, RFID and real-time location solutions, illuminates mission-critical information that help customers take smarter business actions.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.