Freescale Announces Redemption of Floating Senior Notes Due 2009
May 30 2006 - 3:00PM
Business Wire
Freescale Semiconductor, Inc. (NYSE:FSL) (NYSE:FSL.B) announced
today that it will redeem all $400 million of its outstanding
Floating Rate Senior Notes due 2009. The redemption will take place
on July 17, 2006. Freescale will redeem the Floating Rate Notes at
a redemption price equal to 102% of the principal amount of the
Floating Rate Notes, plus accrued and unpaid interest to (but not
including) the redemption date. Interest on the Floating Rate Notes
will cease to accrue on the redemption date, and the only remaining
right of the holders after the redemption date will be to receive
the redemption price. The CUSIP number for the Notes is 35687MAD9.
A Notice of Redemption is being mailed by Deutsche Bank Trust
Company Americas, the trustee for the Floating Rate Notes, to all
registered holders of the Floating Rate Notes. Copies of the Notice
of Redemption and additional information relating to the procedure
for redemption may be obtained from Deutsche Bank Trust Company
Americas, by calling 800-735-7777. About Freescale Semiconductor
Freescale Semiconductor, Inc. (NYSE:FSL) (NYSE:FSL.B) is a global
leader in the design and manufacture of embedded semiconductors for
the automotive, consumer, industrial, networking and wireless
markets. Freescale became a publicly traded company in July 2004.
The company is based in Austin, Texas, and has design, research and
development, manufacturing or sales operations in more than 30
countries. Freescale, a member of the S&P 500(R), is one of the
world's largest semiconductor companies with 2005 sales of $5.8
billion (USD). www.freescale.com. Freescale(TM) and the Freescale
logo are trademarks of Freescale Semiconductor, Inc. All other
product or service names are the property of their respective
owners. (C) Freescale Semiconductor, Inc. 2006.
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