According to the Financial Times the financing will come from an $875 million public offering of equity-linked securities and a $400 million private placement of senior notes.
At the beginning of October Motorola announced that it had made a loss for the third quarter in a row. However, there were signs of a turnaround in the company’s fortunes. Through continued cost cutting plans and refinancing to keep lenders off its back the company should be able to survive long enough to complete this turnaround and start on the long road back to profitability.
