Motorola Solutions and Silver Lake, a global leader in technology investing, announced they will extend their strategic partnership.
Silver Lake will make a new $1 billion investment in Motorola Solutions, and settle its outstanding $800 million aggregate principal investment one year ahead of its maturity.
Egon Durban and Greg Mondre, managing partners and managing directors of Silver Lake, will remain on the Motorola Solutions board.
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 using capital from a more recent fund to extend Silver Lake’s commitment and enable a longer hold period.
Greg Brown, Chairman and CEO, Motorola Solutions
Our relentless focus on people, platforms, growth and shareholder return has proven to be very successful, and I’m excited about the opportunities we have in front of us.
