A new NXP for a new year: real men keep their fabs
January 5, 2010
When private-equity firms bought NXP Semiconductors in 2006 many watchers - including this one - feared the worst. In typical fashion the new owners loaded the company wit debt - almost $6.5 billion of it - on the assumption that growing cash flow from sales would service the load. And if not, that would be the bond- and note-holders' problem, not the problem of the PE firms.
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