Motorola Solutions $1.4 Billion Notes Offering

August 19, 2014

Cleary Gottlieb represented the underwriters in an offering under a shelf registration statement by Motorola Solutions of $400 million of 3.500% Senior Notes due 2021, $600 million of 4.000% Senior Notes due 2024 and $400 million of 5.500% Senior Notes due 2044. The net proceeds will be used to fund in part Motorola Solutions’ pension liabilities and redeem its $400 million 6.000% Senior Notes due 2017. The joint book running managers for the offering were Citigroup Global Markets, Deutsche Bank Securities, and Merrill Lynch. The transaction priced on August 12 and closed on August 19.

Motorola Solutions is a leading provider of mission-critical communication infrastructure, devices, software and services to help businesses and government agencies improve their operations through seamless connectivity, with sales in more than 100 countries.