Mergers & Acquisitions ·
In connection with its proposed merger with Skyworks Solutions, Inc., Qorvo, Inc. is facilitating an exchange offer…
QRVOQorvo, Inc.
In connection with its proposed merger with Skyworks Solutions, Inc., Qorvo, Inc. is facilitating an exchange offer for its outstanding 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031. Skyworks is offering to exchange the 2029 notes for up to $850 million in new 4.375% 2029 Skyworks notes and the 2031 notes for up exchange of up to $700 million in new 3.375% 2031 Skyworks notes. The company has received the requisite number of consents to amend the existing indentures to eliminate restrictive and affirmative covenants and events of default. Qorvo, Inc. operates in the semiconductor industry, providing radio frequency and connectivity solutions.