Zebra Technologies closed on a $3.25 billion senior secured credit facility that will mature in May 2027. J.P. Morgan and Wells Fargo were co-left lead arrangers on the structuring and syndication of the facility.
Zebra Technologies restructured its debt to reduce interest costs while maximizing financial flexibility.
Zebra Technologies completed a comprehensive debt restructuring which included establishing a new $687.5 million senior secured term loan and increasing its revolving credit facility capacity to $500 million.
Zebra Technologies repriced its $1.7 billion term loan. JPMorgan Chase was administrative agent for the revolver, and Morgan Stanley was agent for the term loan.
Zebra Technologies repriced its $1.96 billion term loan. Administrative agents included JPMorgan Chase Bank for the revolving facility and Morgan Stanley Senior Funding for the term loan.
Zebra Technologies has begun to syndicate a $2 billion term loan. Morgan Stanley Senior Funding, J.P. Morgan Securities and Deutsche Bank Securities will act as joint lead arrangers.
Zebra Technologies announced the acquisition of Motorola for $3.45 billion, backed with a $3.25 billion financing commitment from Morgan Stanley.