Zebra Technologies Corporation
Zebra Technologies Announces Completion of $500M Senior Notes Offering
Summary
On May 28, 2024, Zebra Technologies Corporation completed its private offering of $500 million in aggregate principal amount of 6.500% senior unsecured notes due 2032. The company intends to use the net proceeds of approximately $492 million to repay its outstanding debt under its revolving credit facility, which was $172 million as of March 30, 2024, and for general corporate purposes. The Notes bear interest at a rate of 6.500% per annum, payable semi-annually, and contain certain covenants limiting the company's financial flexibility. The Indenture governing the Notes, which is subject to customary events of default, is detailed in Exhibit 4.1 to this 8-K filing.
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Exhibits (2)
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About Zebra Technologies Corporation
Zebra Technologies Corporation is a leading global provider of innovative hardware and software solutions designed to effectively manage and track business assets and operations. The company's core offerings include mobile computing devices, barcode scanners, RFID readers, and advanced software analytics platforms, which serve to enhance data visibility and operational efficiency. These products are vital for sectors such as manufacturing, transportation and logistics, healthcare, and retail, where efficient inventory and workforce management are critical. By enabling real-time data capture and information analysis, Zebra Technologies helps businesses make informed decisions that drive productivity and streamline operational processes. Founded in 1969 and headquartered in Lincolnshire, Illinois, Zebra has established itself as a pivotal player in the industry, empowering organizations worldwide to enhance their supply chain management and operational workflows. With its focus on innovative technology and market-driven solutions, Zebra Technologies continues to hold a significant role in advancing the digital transformation of industries globally.
Official SEC Documents
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