News Article
Credit crunch release
NXP Semiconductors draws USD 300 Million under Its revolving credit facility
NXP Semiconductors has announced that it has received USD 300 million by drawing under its available revolving credit facility.
Karl-Henrik Sundstrom, Chief Financial Officer of NXP, said today: "We have drawn USD 300 million under our revolving credit facility. This is a proactive financial decision to further strengthen our solid liquidity position."
On May 31, NXP's cash position amounted to USD 1,136 million.
