Zebra Technologies Enters Into Revolving Credit Agreement to Support Company Growth

August 16th, 2008 | by admin |

VERNON HILLS, Ill., Aug. 15 /PRNewswire-FirstCall/ — ZebraTechnologies Corporation (Nasdaq: ZBRA) today announced that it has enteredinto a five-year, $100 million revolving credit facility. Zebra will beable to draw upon the credit facility for working capital and generalcorporate purposes, including stock buybacks and acquisitions. Therevolving credit facility has a $100 million accordion feature that allowsthe company to increase the facility up to a total of $200 million subjectto obtaining commitments for the incremental capacity from existing or newlenders.

“We put the credit facility in place to provide financing flexibility,”stated Michael Smiley, Zebra’s chief financial officer. “Zebra’s ability tosecure credit on favorable terms in this uncertain financial marketenvironment is a testament to the strength of the company’s balance sheet,cash flows and growth prospects.”

The lead arranger and book runner for the new credit facility is J.P.Morgan Securities Inc., with Northern Trust Co. as the syndication agent,Bank of America, N.A. as the documentation agent and JPMorgan Chase Bank,N.A. as the administration agent. Also included in the facility allocationare Wells Fargo Bank, N.A. and RBS Citizens, N.A.

Zebra Technologies Corporation helps companies identify, locate andtrack assets, transactions and people with on-demand specialty digitalprinting and automatic identification solutions. In more than 100 countriesaround the world, more than 90 percent of Fortune 500 companies useinnovative and reliable Zebra printers, supplies, RFID products andsoftware to increase productivity, improve quality, lower costs, anddeliver better customer service. Information about Zebra and Zebra-brandproductSOURCE Zebra Technologies CorporationCopyright©2008 PR Newswire.All rights reserveds can be found at http://www.zebra.com.

CONTACT:

Investors: Financial Media:

Douglas A. Fox, CFA Tim Dreyer

VP, Investor Relations Manager, Public Relations

+1 847 793 6735 +1 847 793 5677

dfox@zebra.com tdreyer@zebra.com