Freescale Raising Scratch

It plans to sell $6 billion worth of debt.
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Freescale

(FSL)

set plans Friday to raise some $6 billion in a debt offering tied to its planned buyout by private equity interests.

Freescale, an Austin, Texas-based chip company, said it will sell $4.35 billion worth of senior notes and $1.6 billion of senior subordinated notes.

The senior notes will include floating rate, fixed rate and pay-in-kind election notes.