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Skyworks completes $1.4B exchange of Qorvo notes for new senior unsecured debt

SWKSSkyworks Solutions, Inc.

Skyworks Solutions completed its previously announced offers to exchange up to $850 million of 4.375% Senior Notes due 2029 and up to $700 million of 3.375% Senior Notes due 2031 issued by Qorvo for new senior unsecured obligations. The company issued approximately $778.1 million in New 2029 Skyworks Notes maturing October 15, 2029, and approximately $646.8 million in New 2031 Skyworks Notes maturing April 1, 2031. The transaction involved consent solicitations to amend Qorvo's indentures prior to the merger closing. Remaining outstanding principal amounts are $70.6 million for the 2029 notes and $52.9 million for the 2031 notes. Skyworks Solutions designs, develops, and manufactures analog and mixed-signal semiconductor components.

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