Motorola Solutions Announces a New $1 Billion Investment from Silver Lake
Summary
“ Motorola Solutions is a great company that has evolved into a leading mission-critical technology platform addressing the societal challenge of public safety,” said Durban and Mondre. “ Greg, the management team and employees have delivered extraordinary growth and shareholder value through innovative product development and world-class services for their customers. The company is positioned for continued growth with exciting new opportunities across its mission-critical communications, command center software and video analytics platform offerings.” Under the terms of the new agreement, Silver Lake will purchase $1 billion aggregate principal amount of 1.75% convertible senior unsecured notes due 2024 (the “2024 Notes”) using capital from a more recent fund to extend Silver Lake’s commitment and enable a longer hold period. Our technology platforms in communications, command center software, video security solutions and managed and support services make cities safer and help communities and businesses thrive. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions.