NXP Semiconductors Enters Material Definitive Agreement

TL;DR

NXP just signed a big deal, expect financial moves.

AI Summary

On November 21, 2024, NXP Semiconductors N.V. entered into a Material Definitive Agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report includes financial statements and exhibits.

Why It Matters

This filing signals a significant new contract or financial commitment for NXP Semiconductors, which could impact its future financial performance and operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• NXP Semiconductors N.V. (company) — Registrant
• November 21, 2024 (date) — Date of earliest event reported
• 001-34841 (other) — Commission File Number
• High Tech Campus 60 (location) — Address of Principal Executive Offices
• Eindhoven (location) — City
• 5656 AG (location) — Zip Code

FAQ

From the Filing

0001193125-24-263876.txt : 20241122 0001193125-24-263876.hdr.sgml : 20241122 20241122090052 ACCESSION NUMBER: 0001193125-24-263876 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20241121 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241122 DATE AS OF CHANGE: 20241122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NXP Semiconductors N.V. CENTRAL INDEX KEY: 0001413447 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34841 FILM NUMBER: 241486713 BUSINESS ADDRESS: BUSINESS PHONE: 31 6 54 265349 MAIL ADDRESS: STREET 1: HIGH TECH CAMPUS 60 CITY: EINDHOVEN STATE: P7 ZIP: 5656AG FORMER COMPANY: FORMER CONFORMED NAME: KASLION Acquisition B.V. DATE OF NAME CHANGE: 20070925 8-K 1 d904631d8k.htm 8-K 8-K NL false 0001413447 0001413447 2024-11-21 2024-11-21     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant To Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event reported): November 21, 2024     NXP SEMICONDUCTORS N.V. (Exact Name of Registrant as Specified in Charter)         The Netherlands     (State or Other Jurisdiction of Incorporation)   001-34841     98-1144352 (Commission File Number)     (IRS Employer Identification No.)   High Tech Campus 60 , Eindhoven , the Netherlands     5656 AG (Address of Principal Executive Offices)     (Zip Code) Registrant’s telephone number, including area code: + 31 40 2729999 Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:     ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common shares, EUR 0.20 par value   NXPI   The NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. Facility Agreement On November 22, 2024, NXP B.V., a wholly owned, direct subsidiary of NXP Semiconductors N.V. (the “ Company ”), entered into a facility agreement (the “ Facility Agreement ”) with European Investment Bank (“ EIB ”), which provides for a €640.0 million unsecured senior loan facility. The proceeds from borrow