NXP Redeems $750M Senior Notes Due June 2026

NXP Semiconductors N.V. announced that its subsidiary, NXP B.V., along with NXP USA INC. and NXP Funding LLC, has redeemed the full principal amount of US$750 million outstanding 3.875% senior notes due June 2026. This move is part of NXP's consistent commitment to an effective capital allocation strategy, aiming to benefit shareholders through proactive management of its capital structure, alongside ongoing share repurchases and cash dividends.