Zebra Technologies Prices Private Offering Of $500M Of 6.500% Senior Unsecured Notes Due 2032
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies has announced the pricing of a $500 million private offering of 6.500% senior unsecured notes due 2032. The proceeds will be used to repay outstanding debt and for general corporate purposes.
May 22, 2024 | 9:42 pm
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Zebra Technologies has priced a $500 million private offering of 6.500% senior unsecured notes due 2032. The proceeds will be used to repay $172 million in outstanding debt and for general corporate purposes.
The issuance of senior unsecured notes will help Zebra Technologies manage its debt more effectively by repaying outstanding debt and replenishing cash reserves. This could improve the company's financial stability and investor confidence in the short term.
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