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NXP Semiconductors Announces Pricing of Senior Unsecured Notes Offering
GlobeNewswire News Room· 2025-08-12 20:50
Core Points - NXP Semiconductors N.V. announced the pricing of an offering of senior unsecured notes totaling $1.5 billion, consisting of three tranches: $500 million of 4.300% notes due 2028, $300 million of 4.850% notes due 2032, and $700 million of 5.250% notes due 2035 [1][2][3] Group 1: Offering Details - The notes will be fully and unconditionally guaranteed by NXP Semiconductors N.V. and will be structurally subordinated to the liabilities of NXP's other subsidiaries [2] - The issuance of the notes is expected to close on or around August 19, 2025, subject to customary closing conditions [2] - Proceeds from the offering will be used to redeem $500 million of 5.350% senior unsecured notes due 2026 and $750 million of 3.875% senior unsecured notes due 2026, along with related costs [3] Group 2: Underwriters - Barclays Capital Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, PNC Capital Markets LLC, and UBS Investment Bank are acting as joint book-running managers for the offering [4] Group 3: Company Overview - NXP Semiconductors N.V. is a key player in the automotive, industrial & IoT, mobile, and communications infrastructure markets, with operations in over 30 countries and reported revenue of $12.61 billion in 2024 [10]
Phibro Animal Health Stock Up 87.5% in a Year: What's Driving the Rise?
ZACKS· 2025-03-10 14:40
Core Viewpoint - Phibro Animal Health (PAHC) has experienced a significant share price increase of 87.5% over the past year, outperforming the industry and S&P 500, driven by strong demand across its diversified portfolio, particularly in the Vaccine business and international markets [1][3]. Company Overview - Phibro is headquartered in New Jersey and offers a wide range of products for food animals, including poultry, swine, beef, dairy cattle, and aquaculture, while also producing ingredients for various industries [2]. - The company is focusing on expanding its product offerings in the companion animal sector [2]. Key Factors Behind PAHC's Surge - The surge in share price is attributed to robust demand for animal health products, with the Animal Health segment reporting a 32.5% year-over-year sales growth, driven by a 47% increase in MFA and other product sales [3]. - The acquisition of Zoetis' medicated feed additive product portfolio has expanded Phibro's offerings to over 37 product lines across 80 countries [3]. - The Vaccine business achieved a 12% growth, supported by new poultry products in Latin America and increased demand globally [4]. - Phibro's international sales accounted for approximately 40.4% of total revenues in the fiscal second quarter, highlighting its global growth potential [5]. Financial Estimates - The Zacks Consensus Estimate projects a 62.2% increase in earnings per share (EPS) for fiscal 2025, reaching $1.93, and an 8.7% increase for fiscal 2026, reaching $2.10 [9]. - Revenues for fiscal 2025 are expected to grow by 25.9% to $1.28 billion, with fiscal 2026 projected to reach $1.38 billion, implying a 7.7% increase [9].