Motorola Solutions signs two $750 million loan agreements to fund Silvus deal
Motorola Solutions entered two delayed-draw term loan agreements on July 21, 2025, each with $750.0 million in lending commitments, to help finance its acquisition of Silvus Technologies. The loans fund only at the closing of the Silvus acquisition, so they add borrowing capacity tied to that deal rather than drawing debt now.
Key points
- 364-day loan with Mizuho Bank as administrative agent: $750.0 million commitments; the company can extend part of the loan to a second anniversary of funding, with a 5 basis point extension fee.
- Three-year loan with Bank of America, N.A. as administrative agent: $750.0 million commitments, maturing three years from funding.
- Both loans are senior and unsecured, bear interest based on Term SOFR or a base rate plus an margin tied to the company's credit rating, and include a leverage ratio covenant.
- Commitments terminate no later than May 26, 2026, or five business days after the Silvus outside date, if the deal does not close or the purchase agreement is terminated.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.