Skyworks Solutions, Inc. has completed its previously announced exchange offers for two series of senior unsecured notes originally issued by Qorvo, Inc. The transaction, settled on October 7, 2026, involves exchanging outstanding Qorvo notes for new senior notes issued by Skyworks, a move related to the recent merger of Qorvo into a subsidiary of the company.
Key Details
- Transaction: The company exchanged a total of approximately $1.43 billion in aggregate principal amount of Qorvo notes for new Skyworks notes with identical interest rates and maturity dates.
- 4.375% Senior Notes due 2029: Approximately $779.4 million in principal amount of Qorvo's 2029 notes were tendered and accepted in exchange for new Skyworks 4.375% Senior Notes due 2029.
- 3.375% Senior Notes due 2031: Approximately $647.1 million in principal amount of Qorvo's 2031 notes were tendered and accepted in exchange for new Skyworks 3.375% Senior Notes due 2031.
- Outcome: The accepted Qorvo notes will be retired and canceled. The exchange offers expired on October 5, 2026.