UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE
SECURITIES EXCHANGE ACT OF 1934
Report
on Form 6-K dated January 15, 2010
Commission
File Number: 1-13546
STMicroelectronics
N.V.
(Name of
Registrant)
39,
Chemin du Champ-des-Filles
1228
Plan-les-Ouates, Geneva, Switzerland
(Address
of Principal Executive Offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.
Form 20-F
Q Form
40-F £
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
Yes £ No Q
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
Yes £ No Q
Indicate
by check mark whether the registrant by furnishing the information contained in
this form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes £ No Q
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- __________
Enclosure: A press release
dated January 14, 2010 announcing that STMicroelectronics is repurchasing
a portion of its Zero Coupon Senior Convertible Bonds due 2016.
PR No.
C2616C
STMicroelectronics
Announces the Repurchase of a Portion of its
Zero
Coupon Senior Convertible Bonds due 2016
Geneva, January 14, 2010 –
STMicroelectronics (NYSE: STM) today announced that it has completed a program
to repurchase a portion of its outstanding Zero Coupon Senior Convertible Bonds
due 2016 (“2016 Bonds”). A total of $298,174,000 nominal value of 2016 Bonds
were repurchased representing approximately 30.6% of the total amount originally
issued.
Beginning
in December 2009, the 2016 Bonds were purchased in off market transactions by
financial intermediaries, acting as agents for ST. The Company paid $314.6
million from outstanding cash to repurchase 2016 Bonds with an accreted value of
$316.0 million. The repurchased Bonds will be cancelled in accordance with their
terms.
The
decision to repurchase a portion of the 2016 Bonds was taken in anticipation of
the put option exercisable by bondholders on February 23, 2011 and optimizes
ST’s liquidity management and yield through that date. “The repurchase of a
portion of our 2016 convertible bonds with no need for refinancing demonstrates
the strength of ST’s capital structure and reflects our confidence in the
Company’s free cash-flow generation going forward,” said Carlo Ferro, Chief
Financial Officer of STMicroelectronics.
The 2016
Bonds are listed on the Luxembourg Stock Exchange.
About
STMicroelectronics
STMicroelectronics
is a global leader serving customers across the spectrum of electronics
applications with innovative semiconductor solutions. ST aims to be the
undisputed leader in multimedia convergence and power applications leveraging
its vast array of technologies, design expertise and combination of intellectual
property portfolio, strategic partnerships and manufacturing strength. In 2008,
the Company’s net revenues were $9.84 billion. Further information on ST can be
found at www.st.com.
This
press release contains forward looking statements which are based on
Management's current expectations, views, beliefs and assumptions as of the date
of this release. Such statements are subject to various risks and uncertainties,
which may cause actual results and performance
of the Company's business to differ materially and adversely from the
forward-
looking
statements. Factors, which may cause actual results or performance to differ
materially from the expectations of the Company or its Management, include
changes in interest rates and accounting treatment of securities. A more
detailed discussion of these factors and the other "Risk Factors", which may
from time to time materially and adversely affect the Company, is contained in
our Annual Report or Form 20-F of the year ended December 31, 2008, which was
filed with the SEC on May 13, 2009.
For further information,
please contact:
INVESTOR
RELATIONS:
Tait
Sorensen
Director,
Investor Relations
Tel: +1
602 485 2064
tait.sorensen@st.com
MEDIA
RELATIONS:
Maria
Grazia Prestini
Senior
Director, Corporate Media and Public Relations
STMicroelectronics
Tel: + 41
22 929 6945
mariagrazia.prestini@st.com
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, STMicroelectronics N.V. has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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STMicroelectronics
N.V.
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Date:
January
15, 2010
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By:
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/s/
Carlo
Ferro |
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Name: |
Carlo
Ferro |
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Title: |
Executive
Vice President and
Chief
Financial Officer
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