September 9, 2014
Motorola Solutions Announces Pricing for Redemption of $400 Million of Outstanding 6.0% Senior Notes Due Nov. 15, 2017
SCHAUMBURG, Ill. – Sept. 9, 2014 – Motorola Solutions, Inc. (NYSE: MSI) today announced the consideration to be paid in the previously announced redemption of its outstanding $400 million aggregate principal amount of 6.0% Notes due Nov. 15, 2017 (the "Notes").
| Security | Reference U.S. Treasury Security | Reference Yield | Fixed Spread (basis points) | Purchase Price per $1,000 principal amount of Notes | Accrued Interest per $1,000 principal amount of Notes | Total Consideration per $1,000 principal amount of Notes |
| 6.0% Notes due Nov. 15, 2017 (CUSIP # 620076AZ2) | 4.25% U.S. Treasury Note due Nov. 15, 2017 | 1.13 | 30.0 | $1,141.15 | $19.33 | $1,160.48 |
The settlement date for Notes redeemed is Thursday, Sept. 11, 2014. The redemption price was determined at 5 p.m., Eastern Daylight Time, on Sept. 8, 2014, pursuant to the terms of the Notes. The price for the Notes is based on the yield to maturity of the 4.25% U.S. Treasury securities due Nov. 15, 2017, plus a fixed spread of 30 basis points. In addition, Motorola Solutions will pay accrued and unpaid interest on the principal amount from May 15, 2014 to, but not including, the redemption date of Sept. 11, 2014. The total consideration, including accrued interest, for each $1,000 principal amount of Notes redeemed is $1,160.48.
For additional information regarding the redemption, please contact: The Bank of New York Mellon Trust Company, N.A. at (800) 254-2826 (toll free).
This press release does not constitute an offer to purchase, or solicitation of an offer to sell, with respect to the Notes.
About Motorola Solutions
Motorola Solutions is a leading provider of mission-critical communication solutions and services for enterprise and government customers. Through leading-edge innovation and communications technology, it is a global leader that enables its customers to be their best in the moments that matter. Motorola Solutions trades on the New York Stock Exchange under the ticker “MSI.” To learn more, visit www.motorolasolutions.com. For ongoing news, please visit our media center .