7/102 sources · 2 publishersUpdated Oct 8, 21:47 UTC
Skyworks completes exchange offers for Qorvo senior notes, issuing new Skyworks notes
Skyworks Solutions announced that its exchange offers for Qorvo Inc.'s 4.375% senior notes due 2029 and 3.375% senior notes due 2031 expired on October 5, 2026. Holders tendered 91.70% of the 2029 notes ($779,422,000) and 92.44% of the 2031 notes ($647,096,000). Skyworks expects to issue $778,096,000 of new 2029 notes and $646,805,000 of new 2031 notes around October 7, 2026.
Why it matters
Investors holding Qorvo senior notes will be exchanged for Skyworks notes, changing the issuer and terms of their holdings. Skyworks will add roughly $1.42 billion of new senior debt, which may affect its credit profile and future financing costs.
Key facts
- 1The exchange offers expired at 5:00 p.m. New York time on October 5, 2026. globenewswire.com
- 291.70% of Qorvo’s 2029 senior notes, representing $779,422,000 of the $850,000,000 outstanding, were tendered. globenewswire.com
- 392.44% of Qorvo’s 2031 senior notes, representing $647,096,000 of the $700,000,000 outstanding, were tendered. globenewswire.com
- 4Skyworks expects to issue $778,096,000 of new 4.375% senior notes due 2029. globenewswire.com
- 5Skyworks expects to issue $646,805,000 of new 3.375% senior notes due 2031. globenewswire.com
- 6The settlement date for the new notes is expected on or about October 7, 2026. globenewswire.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.