Demand for chips may be on the rise but equity is highly impaired
THE DEAL | |
Company | Freescale Semiconductor |
Type of business | Semiconductors |
Date completed | October 2006 |
Sponsors | The Blackstone Group, The Carlyle Group, Permira, TPG |
Deal value | $17.6 billion |
Equity | $7.0 billion |
SNAPSHOT | |
Value of equity | 0.15 times cost |
Term loan B | 75.50 |
Secured 12.5% | 94.00 |
Senior secured 8.875% | 75.00 |
Senior subordinated 10.125% | 65.00 |