Motorola To Repurchase $400M In Debt

Motorola Solutions is seeking to repurchase up to $400 million of debt.

Motorola Solutions is seeking to repurchase up to $400 million of debt, The Wall Street Journal reports. The data communications and telecommunications equipment provider offered to buy back debt from five series of borrowings.

The debt is due between 2017 and 2037. The company may fund the debt retirement using cash on hand. The tender offer is scheduled to mature on June 20, 2011, unless extended, adds RTT News.

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