NXP Semiconductors N.V.NXPI
NXP Semiconductors N.V. Debt Disclosure
Debt
Commercial Paper
We have a $2 billion Commercial Paper Program to support general corporate purposes. As of December 31, 2025, we had no commercial paper notes outstanding.
Long-term debt
The following table summarizes the outstanding long-term debt as of December 31, 2025, and 2024:
| 2025 | 2024 | ||||||||||||||||||||||||||||
| Maturities | Amount | Interest rate | Amount | Interest rate | |||||||||||||||||||||||||
Fixed-rate 2.7% senior unsecured notes | May, 2025 | — | 2.700 | 500 | 2.700 | ||||||||||||||||||||||||
Fixed-rate 5.35% senior unsecured notes | Mar, 2026 | 500 | 5.350 | 500 | 5.350 | ||||||||||||||||||||||||
Fixed-rate 3.875% senior unsecured notes | Jun, 2026 | 750 | 3.875 | 750 | 3.875 | ||||||||||||||||||||||||
Fixed-rate 3.15% senior unsecured notes | May, 2027 | 500 | 3.150 | 500 | 3.150 | ||||||||||||||||||||||||
Fixed-rate 4.40% senior unsecured notes | Jun, 2027 | 500 | 4.400 | 500 | 4.400 | ||||||||||||||||||||||||
Fixed-rate 4.30% senior unsecured notes | Aug, 2028 | 500 | 4.300 | — | — | ||||||||||||||||||||||||
Fixed-rate 5.55% senior unsecured notes | Dec, 2028 | 500 | 5.550 | 500 | 5.550 | ||||||||||||||||||||||||
Fixed-rate 4.3% senior unsecured notes | Jun, 2029 | 1,000 | 4.300 | 1,000 | 4.300 | ||||||||||||||||||||||||
Fixed-rate 3.4% senior unsecured notes | May, 2030 | 1,000 | 3.400 | 1,000 | 3.400 | ||||||||||||||||||||||||
Fixed-rate 2.5% senior unsecured notes | May, 2031 | 1,000 | 2.500 | 1,000 | 2.500 | ||||||||||||||||||||||||
Fixed-rate 2.65% senior unsecured notes | Feb, 2032 | 1,000 | 2.650 | 1,000 | 2.650 | ||||||||||||||||||||||||
Fixed-rate 4.85% senior unsecured notes | Aug, 2032 | 300 | 4.850 | — | — | ||||||||||||||||||||||||
Fixed-rate 5.0% senior unsecured notes | Jan, 2033 | 1,000 | 5.000 | 1,000 | 5.000 | ||||||||||||||||||||||||
Fixed-rate 5.25% senior unsecured notes | Aug, 2035 | 700 | 5.250 | — | — | ||||||||||||||||||||||||
Fixed-rate 3.25% senior unsecured notes | May, 2041 | 1,000 | 3.250 | 1,000 | 3.250 | ||||||||||||||||||||||||
Fixed-rate 3.125% senior unsecured notes | Feb, 2042 | 500 | 3.125 | 500 | 3.125 | ||||||||||||||||||||||||
Fixed-rate 3.25% senior unsecured notes | Nov, 2051 | 500 | 3.250 | 500 | 3.250 | ||||||||||||||||||||||||
| Floating-rate revolving credit facility (RCF) | Aug, 2027 | — | — | — | — | ||||||||||||||||||||||||
Fixed-rate 4.45% EIB Facility A Loan | Dec, 2030 | 670 | 4.450 | 670 | 4.450 | ||||||||||||||||||||||||
Fixed-rate 4.709% EIB Facility B Loan | Feb, 2031 | 370 | 4.709 | — | — | ||||||||||||||||||||||||
| Total principal | 12,290 | 10,920 | |||||||||||||||||||||||||||
| Unamortized discounts, premiums and debt issuance costs | (68) | (66) | |||||||||||||||||||||||||||
| Total debt, including unamortized discounts, premiums, debt issuance costs and fair value adjustments | 12,222 | 10,854 | |||||||||||||||||||||||||||
| Current portion of long-term debt | (1,250) | (500) | |||||||||||||||||||||||||||
| Long-term debt | 10,972 | 10,354 | |||||||||||||||||||||||||||
| Range of interest rates | Average rate of interest | Principal amount outstanding 2025 | Due in 2026 | Due after 2026 | Due after 2030 | Average remaining term (in years) | Principal amount outstanding 2024 | ||||||||||||||||||||||||||||||||||||||||
| USD notes | 2.50%- 5.55% | 3.9 | % | 11,250 | 1,250 | 10,000 | 6,000 | 6.8 | 10,250 | ||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility (RCF) (1) | — | % | — | % | — | — | — | — | 0 | — | |||||||||||||||||||||||||||||||||||||
| Bank borrowings | 4.45%- 4.71% | 4.5 | % | 1,040 | — | 1,040 | 370 | 5.0 | 670 | ||||||||||||||||||||||||||||||||||||||
| 3.9 | % | 12,290 | 1,250 | 11,040 | 6,370 | 6.6 | 10,920 | ||||||||||||||||||||||||||||||||||||||||
(1)We do not have any borrowings under the $2,500 million RCF as of December 31, 2025.
As of December 31, 2025, the following principal amounts of long-term debt are due in the next 5 years:
| 2026 | 1,250 | ||||
| 2027 | 1,000 | ||||
| 2028 | 1,000 | ||||
| 2029 | 1,000 | ||||
| 2030 | 1,670 | ||||
| Due after 5 years | 6,370 | ||||
| 12,290 | |||||
As of December 31, 2025, the book value of our outstanding long-term debt was 12,290 less debt issuance costs of $40 million and original issuance/debt discount of $28 million.
As of December 31, 2025, we had no aggregate principal amount of variable interest rate indebtedness under our loan agreements. The remaining tenor of unsecured debt is on average 6.6 years.
Accrued interest as of December 31, 2025, is $102 million (December 31, 2024: $76 million).
2025 Financing Activities
On January 13, 2025, NXP B.V. entered into a facility agreement with the European Investment Bank, (“EIB Facility B”), which provides for a €360 million unsecured senior loan facility. The proceeds from borrowings under the EIB Facility B are expected to be used to fund the research, development and innovation of semiconductor devices, technologies and solutions in five European countries.
On May 1, 2025, we repaid the $500 million aggregate principal amount of outstanding 2.7% senior unsecured notes due 2025 at maturity using available cash.
On August 19, 2025, NXP B.V., together with NXP Funding LLC and NXP USA, Inc., issued $500 million of 4.3% senior unsecured notes due August 19, 2028, $300 million of 4.85% senior unsecured notes due August 19, 2032, and $700 million of 5.25% senior unsecured notes due August 19, 2035.
Subsequent events
On January 5, 2026, we repaid the $500 million aggregate principal amount of outstanding 5.35% senior unsecured notes due March 1, 2026, using available cash.
On January 5, 2026, we repaid the $500 million aggregate principal amount of outstanding 5.35% senior unsecured notes due March 1, 2026, using available cash.
On February 6, 2026, NXP B.V., together with NXP Funding LLC and NXP USA, Inc., amended and restated its revolving credit agreement entered into on August 26, 2022. The second amended and restated revolving credit agreement provides for $3 billion of senior unsecured revolving credit commitments and is scheduled to mature on February 6, 2031.
2024 Financing activities
On November 21, 2024, NXP B.V., NXP Funding LLC and NXP USA Inc. entered into definitive documentation to establish an unsecured Commercial Paper Program under which, on a joint and several basis, short-term, unsecured commercial paper notes may be issued. Amounts available under the Commercial Paper Program may be borrowed, repaid, and re-borrowed from time to time, with the aggregate principal amount of commercial paper notes outstanding under the Commercial Paper Program at any time not to exceed
$2,000 million. The net proceeds of issuances of the commercial paper notes are expected to be used for general corporate purposes.
On November 22, 2024, NXP B.V. entered into a facility agreement with the European Investment Bank, (“EIB Facility A”), which provides for a €640 million unsecured senior loan facility. The proceeds from borrowings under the EIB Facility A are expected to be used to fund the research, development and innovation of semiconductor devices, technologies and solutions in five European countries.
Certain terms and Covenants
The Company is not required to make mandatory redemption payments or sinking fund payments with respect to the notes and facilities.
The indentures governing the notes and facilities contain covenants that, among other things, limit the Company’s ability and that of restricted subsidiaries to incur additional indebtedness, create liens, pay dividends, redeem capital stock or make certain other restricted payments or investments; enter into agreements that restrict dividends from restricted subsidiaries; sell assets, including capital stock of restricted subsidiaries; engage in transactions with affiliates; and effect a consolidation or merger. The Company has been in compliance with any such indentures and financing covenants.
No portion of long-term and short-term debt as of December 31, 2025, and December 31, 2024, has been secured by collateral on substantially all of the Company’s assets and of certain of its subsidiaries.
We are in compliance with all covenants under our debt agreements as of December 31, 2025.
Free Sentinel
Track for freeWant the next NXP Semiconductors N.V. debt disclosure the moment it drops?
Set a Sentinel and we'll alert you the moment NXP Semiconductors N.V.'s next filing hits EDGAR. No credit card, your email never gets sold.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Mar 1, 2023 | |
| 2021 | Feb 24, 2022 | |
About Debt Disclosures
Debt disclosures detail a company's borrowing structure — the types of instruments, interest rates, maturity schedule, and covenant restrictions that define its financial obligations and flexibility. This section is essential for assessing refinancing risk, interest rate exposure, and the margin of safety against financial distress.
Key signals: the maturity schedule reveals concentration risk — large maturities within 1-2 years during tight credit markets can force dilutive refinancing or asset sales. Compare the fair value of debt against carrying amount to gauge whether the market views the company's credit risk differently than the balance sheet suggests. Watch covenant compliance disclosures for tightening cushions, especially leverage and interest coverage ratios. Variable-rate debt exposure quantifies sensitivity to interest rate changes. Secured versus unsecured mix affects recovery rates and future borrowing capacity. Compare net debt-to-EBITDA against industry peers and covenant limits to assess financial health.