ZEBRA TECHNOLOGIES CORPORATION (NASDAQ:ZBRA) Files An 8-K Regulation FD DisclosureItem 7.01
On August2, 2017, Zebra Technologies Corporation (the “Company”) provided a supplemental notice to holders of the redemption price for its previously announced partial redemption of outstanding 7.25% Senior Notes due 2022 in accordance with the terms of the indenture governing the notes. As previously announced, the Company elected to redeem $750,000,000 in principal amount of the outstanding 7.25% Senior Notes due 2022 (the “Redeemed Notes”) on August7, 2017 (the “Redemption Date”), plus the applicable premium, and accrued and unpaid interest to, but excluding, the Redemption Date.
The aggregate accrued and unpaid interest on the Redeemed Notes to, but excluding, the Redemption Date has been calculated to be equal to $16,916,667. The applicable premium on the Redeemed Notes has been calculated to be equal to $48,394,657. The aggregate redemption price to be paid on the Redeemed Notes is equal to $815,311,324 or $1,087.081765 per $1,000 principal amount of Redeemed Notes.
As set forth in the previously issued notice of conditional redemption, dated July6, 2017, the redemption of the Redeemed Notes was made conditional on the Company’s receipt of proceeds from one or more new lower-cost financing transactions, including a term loan credit facility, sufficient in the Company’s sole discretion, to pay the redemption price and to effect the other transactions contemplated by such financing transactions, including paying the related fees and expenses, on or prior to the Redemption Date (the “Financing Condition”). The Company expects that the Financing Condition will be satisfied on or prior to the Redemption Date.
This Current Report on Form 8-K does not constitute a notice of redemption under the indenture, nor an offer to tender for, or purchase, any of its 7.25% Senior Notes due 2022 or any other security.
This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, the satisfaction of the Financing Condition and the completion of the partial redemption of the Redeemed Notes constitute forward-looking statements. For a description of factors that may cause Zebra’s actual results, performance or expectations to differ from any forward-looking statements, please review the information under the heading “Risk Factors” included in Item 1A of Zebra’s 2016 Annual Report on Form 10-K and other documents of Zebra’s on file with or furnished to the Securities and Exchange Commission. Any forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Zebra will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Zebra or its business or operations. Except as required by law, Zebra undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by Zebra’s forward-looking statements.
About ZEBRA TECHNOLOGIES CORPORATION (NASDAQ:ZBRA)
Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products. The Company has two segments: Legacy Zebra and Enterprise. End-users of the Company’s products include those in the retail, transportation and logistics, manufacturing, healthcare, hospitality, warehouse and distribution, energy and utilities, and education industries around the world.