Daily News: September 17, 2014

Morgan Stanley, Others Arrange Zebra Tech Acquisition Financing

Zebra Technologies announced that it has begun to syndicate a $2 billion senior secured term loan. Morgan Stanley Senior Funding, J.P. Morgan Securities and Deutsche Bank Securities will act as joint lead arrangers. Morgan Stanley Senior Funding and J.P. Morgan Securities will act as joint bookrunners.

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 Mobility Products and Solutions of Motorola Solutions, 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.

Zebra Technologies offers solutions that give a virtual voice to an organization’s assets, people and transactions, enabling organizations to unlock greater business value.