CFO also mentioned at the Deutsche Bank technology call on 13th Sep that "they probably have to sell some non-strategic low margin business" to achieve 57% margin. BTW the 1B$ these guys have received from investors quite recently, is a "bridge financing", i.e. the money is really short term, they have to give this money very soon. It seems N is running out of money in a couple of months for a "big strategic decision". I bet they will spin-off some businesses within 1 year, maybe by the end of the year. to give an idea what size the a spin-off would be: Nexperia (production part of N) was sold to 2B$ with 11.000 employees, after xFSL merge.
The loan they got was at Libor+1.5% or a set minimum. So Barclays have hedged their bets in order to get what looks to me like a 4-4.5% loan term with a max libor period of 12months. Those are not great terms. All NXP have said is it is for general corporate or buyback purposes. If I were guessing I would say they are reorging that will incur severance costs or will purchase something and that would then be followed by enough cost savings/cutting/selling of assets to offset the loan terms.