UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of Earliest Event Reported): | February 11, 2010 |
Freescale Semiconductor Holdings I, Ltd.
__________________________________________
(Exact name of registrant as specified in its charter)
| Bermuda | 333-141128-05 | 98-0522138 |
| _____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
| 6501 William Cannon Drive West, Austin, Texas | 78735 | |
| _________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
| Registrant’s telephone number, including area code: | 512-895-2000 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
Reference is made to the Current Report on Form 8-K filed by Freescale Semiconductor, Inc. ("Freescale") on February 8, 2010. On February 11, 2010, a New York state appellate court vacated the stay of the trial court proceedings challenging the March 2009 issuance of incremental term loans under Freescale’s senior secured credit facility (the "Credit Facility") but denied the plaintiffs’ motion to enjoin the proposed amendments to the Credit Facility and the issuance of senior secured notes to repay a portion of the Credit Facility (collectively, the "Transactions").
The appellate court’s February 11 order does not bar the closing of the proposed Transactions which is expected to occur on February 19, 2010. However, the plaintiffs have informed Freescale that they intend to seek to enjoin the proposed Transactions in the trial court at a hearing to be held on Tuesday, February 16, 2010. We believe the plaintiffs’ application and all of their other claims are without m erit and we intend to vigorously contest their application and the underlying litigation.
Freescale is an indirect wholly owned subsidiary of Freescale Semiconductor Holdings I, Ltd.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Freescale Semiconductor Holdings I, Ltd. | ||||
| February 11, 2010 | By: | /s/ Dathan C. Voelter | ||
| Name: Dathan C. Voelter | ||||
| Title: Ass't. Secretary | ||||
