NXP Semiconductors Draws USD 200 Million under Its Revolving Credit Facility

EINDHOVEN, The Netherlands--()--NXP Semiconductors today announces that it has received USD 200 million by drawing under its available revolving credit facility.

“In view of the continuing global financial turmoil we are drawing USD 200 million under our revolving credit facility. This is a proactive financial decision in order to secure availability of this facility in a turbulent financial market environment.”

Karl-Henrik Sundström, Chief Financial Officer of NXP said today:

“In view of the continuing global financial turmoil we are drawing USD 200 million under our revolving credit facility. This is a proactive financial decision in order to secure availability of this facility in a turbulent financial market environment.”

The company previously received USD 400 million under its revolving credit facility on November 26, 2008. With the proceeds from the drawdown, NXP further strengthens its already solid liquidity position.

About NXP Semiconductors

NXP is a leading semiconductor company founded by Philips more than 50 years ago. Headquartered in Europe, the company has about 33,500 employees working in more than 20 countries and posted sales of USD 6.3 billion (including the Mobile & Personal business) in 2007. NXP creates semiconductors, system solutions and software that deliver better sensory experiences in TVs, set-top boxes, identification applications, mobile phones, cars and a wide range of other electronic devices. News from NXP is located at www.nxp.com.

Contacts

NXP Semiconductors
Lieke de Jong-Tops, +31 40 27 25202 (Media)
lieke.de.jong-tops@nxp.com
Jan Maarten Ingen Housz, +31 40 27 28685 (Investors)
janmaarten.ingen.housz@nxp.com