NXP Semiconductors (NASDAQ: NXPI) extends $3B revolving credit line to 2031

Rhea-AI Filing Summary

NXP Semiconductors N.V. disclosed that its subsidiary NXP B.V., together with NXP Funding LLC, has entered into a Second Amended and Restated Revolving Credit Agreement providing US$3,000,000,000 of senior unsecured revolving credit commitments, including a US$200,000,000 letter of credit sub-facility.

The facility is scheduled to mature on February 6, 2031. Borrowings will bear interest at either a Term SOFR rate plus a margin of 0.75%–1.25% or a base rate plus a margin of 0.0%–0.25%, in each case depending on NXP’s senior unsecured credit rating.

NXP must also pay a quarterly commitment fee of 0.065%–0.15% on the undrawn amount and comply with a financial covenant requiring at least a 3.00 to 1.00 consolidated interest coverage ratio each quarter-end. Obligations under the agreement are guaranteed by NXP Semiconductors N.V. and NXP USA, Inc., and proceeds may be used for general corporate purposes.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): February 6, 2026

NXP Semiconductors N.V.

(Exact name of Registrant as specified in charter)

Netherlands		001-34841		98-1144352
(State or other jurisdiction of incorporation)		(Commission file number)		(IRS employer identification number)

60 High Tech Campus
Eindhoven
Netherlands		5656 AG
(Address of principal executive offices)		(Zip code)

+31 40 2729999

(Registrant’s telephone number, including area code)

NA

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading symbol(s)		Number of each exchange on which registered
Common shares, EUR 0.20 par value		NXPI		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 1.01 Entry into a Material Definitive Agreement.

On February 6, 2026 (the “Closing Date”), NXP B.V. (the “Company”), a wholly owned, direct subsidiary of NXP Semiconductors N.V. (“NXP N.V.”), and NXP Funding LLC (together with the Company, the “Borrowers”), a wholly owned, indirect subsidiary of NXP N.V., the lenders and letter of credit issuers party thereto and Barclays Bank PLC, as administrative agent, amended and restated its revolving credit agreement (the “Second Amended and Restated Revolving Credit Agreement”), which provides for US$3,000,000,000 of senior unsecured revolving credit commitments, which includes a US$200,000,000 sub-facility for letters of credit. The Second Amended and Restated Revolving Credit Agreement is scheduled to mature on February 6, 2031 and the revolving loans thereunder (the “Revolving Loans”) will bear interest, at the option of the Borrowers, at either (x) a Term SOFR rate plus an applicable margin ranging from 0.75% to 1.25% or (y) a base rate plus an applicable margin ranging from 0.0% to 0.25%, in each case, based on the Company’s senior unsecured credit rating. Under the Second Amended and Restated Revolving Credit Agreement, on the last day of each fiscal quarter, the Company must pay a commitment fee ranging from 0.065% to 0.15% based on the Company’s senior unsecured credit rating on the undrawn portion of the revolving commitments.

The proceeds of the Revolving Loans and letters of credit issued under the Second Amended and Restated Revolving Credit Agreement may be used for general corporate purposes of the Borrowers and any other purpose not prohibited by the Second Amended and Restated Revolving Credit Agreement and related documentation.

The Second Amended and Restated Revolving Credit Agreement contains customary affirmative and negative covenants and events of default, including a financial covenant requiring the Company to satisfy a 3.00 to 1.00 consolidated interest coverage ratio as of the last day of each fiscal quarter.

All present and future obligations of the Borrowers arising under and pursuant to the terms of the Second Amended and Restated Revolving Credit Agreement are guaranteed pursuant to an amended and restated guaranty agreement, dated as of the Closing Date (the “Second Amended and Restated Guaranty Agreement”), made by NXP N.V. and NXP USA, Inc. in favor of Barclays Bank PLC, as administrative agent.

The description of the Second Amended and Restated Revolving Credit Agreement and the Second Amended and Restated Guaranty Agreement contained in this report on Form 8-K is qualified in its entirety by reference to the complete text of the Second Amended and Restated Revolving Credit Agreement and the Second Amended and Restated Guaranty Agreement, in each case, copies of which are filed herewith as Exhibits 4.1 and 4.2.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant.

The information set forth in Item 1.01 above is incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

4.1		Second Amended and Restated Revolving Credit Agreement, dated as of February 6, 2026, among NXP B.V., NXP Funding LLC, the several lenders from time to time parties thereto, and Barclays Bank PLC, as administrative agent.
4.2		Second Amended and Restated Guaranty Agreement, dated as of February 6, 2026, among NXP Semiconductors N.V., NXP USA, Inc. and Barclays Bank PLC, as administrative agent.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

NXP Semiconductors N.V.
By:		/s/ Timothy Shelhamer
Name: Timothy Shelhamer
Title: SVP and Chief Corporate Counsel

Date: February 6, 2026

FAQ

What did NXP Semiconductors (NXPI) announce in its February 2026 8-K?

NXP Semiconductors reported a Second Amended and Restated Revolving Credit Agreement providing US$3,000,000,000 in senior unsecured revolving commitments, including a US$200,000,000 letter of credit sub-facility, maturing February 6, 2031, with customary covenants and guarantees from NXP Semiconductors N.V. and NXP USA, Inc.

What are the key terms of NXP’s new US$3,000,000,000 revolving credit facility?

The facility offers US$3,000,000,000 in senior unsecured revolving commitments with a US$200,000,000 letter of credit sub-facility. It matures on February 6, 2031 and bears interest at Term SOFR plus 0.75%–1.25% or a base rate plus 0.0%–0.25%, based on NXP’s senior unsecured credit rating.

How is interest determined under NXP Semiconductors’ amended revolving credit agreement?

Borrowers may choose a Term SOFR-based loan with a margin of 0.75%–1.25% or a base-rate loan with a margin of 0.0%–0.25%. In both cases, the applicable margin is tied directly to NXP’s senior unsecured credit rating under the revolving credit agreement.

What fees does NXP pay on the undrawn portion of its revolving credit facility?

On the undrawn portion of the US$3,000,000,000 commitments, NXP must pay a quarterly commitment fee ranging from 0.065% to 0.15%. The exact fee level is determined by the company’s senior unsecured credit rating as measured at the end of each fiscal quarter.

What financial covenants apply to NXP under the amended revolving credit agreement?

The agreement includes a financial covenant requiring NXP to maintain at least a 3.00 to 1.00 consolidated interest coverage ratio as of the last day of each fiscal quarter. This covenant is part of a broader package of customary affirmative, negative, and default provisions.

Who guarantees NXP’s obligations under the Second Amended and Restated Revolving Credit Agreement?

All present and future obligations of the borrowers under the facility are guaranteed under a Second Amended and Restated Guaranty Agreement by NXP Semiconductors N.V. and NXP USA, Inc. Barclays Bank PLC acts as administrative agent for the lenders and letter of credit issuers.

How may NXP use proceeds from the US$3,000,000,000 revolving credit facility?

Proceeds from revolving loans and letters of credit may be used for general corporate purposes of the borrowers and for any other purpose not prohibited by the revolving credit agreement and related documentation. The agreement does not restrict use beyond these stated limitations.