* Says to change name to NXP Semiconductors N.V.
* To use proceeds to repay debt
April 16 (Reuters) - Kaslion Acquisition B.V., a unit of Kaslion Holding B.V., filed with U.S. regulators to go public through a $1.15 billion offering Friday.
The semiconductor company said it plans to change its name to NXP Semiconductors N.V.
Kaslion Holding is a Dutch private company in which an affiliate of Kohlberg Kravis Roberts & Co shares control.
The Eindhoven, Netherlands-based company said it will use proceeds from the offering to repay debt.
In a regulatory filing, the company said it was incorporated in August 2006, with the sale by Philips of 80.1 percent of its semiconductor businesses to a private equity consortium.
Koninklijke Philips N.V. currently holds a 19.84 percent stake in the company.
The company posted a net loss of $161 million in the year ended Dec 31 2009, compared with a loss of $3.57 billion, a year earlier.
Underwriters are led by Credit Suisse Securities, Goldman Sachs and Morgan Stanley.
(Reporting by Archana Shankar in Bangalore; Editing by Ratul Ray Chauduri) Keywords: KASLION/IPO (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* To use proceeds to repay debt
April 16 (Reuters) - Kaslion Acquisition B.V., a unit of Kaslion Holding B.V., filed with U.S. regulators to go public through a $1.15 billion offering Friday.
The semiconductor company said it plans to change its name to NXP Semiconductors N.V.
Kaslion Holding is a Dutch private company in which an affiliate of Kohlberg Kravis Roberts & Co shares control.
The Eindhoven, Netherlands-based company said it will use proceeds from the offering to repay debt.
In a regulatory filing, the company said it was incorporated in August 2006, with the sale by Philips of 80.1 percent of its semiconductor businesses to a private equity consortium.
Koninklijke Philips N.V. currently holds a 19.84 percent stake in the company.
The company posted a net loss of $161 million in the year ended Dec 31 2009, compared with a loss of $3.57 billion, a year earlier.
Underwriters are led by Credit Suisse Securities, Goldman Sachs and Morgan Stanley.
(Reporting by Archana Shankar in Bangalore; Editing by Ratul Ray Chauduri) Keywords: KASLION/IPO (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.