By Michael Dabaie

NXP Semiconductors N.V. said its subsidiaries NXP B.V., NXP Funding LLC and NXP USA Inc. plan to commence a private offering of senior unsecured notes.

NXP said it would use part of the proceeds to finance or refinance green projects. Pending the use for eligible green projects, proceeds will be temporarily held as cash and other short term securities or temporarily used for the repayment of indebtedness.

Shares were up 1% premarket to $99.29.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

April 29, 2020 08:48 ET (12:48 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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