M&A
confidence high
sentiment positive
materiality 0.75
Skyworks gets 89-93% early tender of Qorvo notes; consents secured for merger
SKYWORKS SOLUTIONS, INC.
- 89.42% of $850M 4.375% 2029 Qorvo notes and 93.05% of $700M 3.375% 2031 Qorvo notes validly tendered by June 11, 2026.
- Skyworks received requisite consents; Qorvo entered supplemental indentures to eliminate restrictive covenants and events of default.
- Holders tendered early get $950 Skyworks notes per $1,000 Qorvo notes plus $50 early premium; consent payments $2.80/$2.69 per $1,000.
- Exchange offers expire Sept 1, 2026; settlement expected after closing of Skyworks-Qorvo merger.
- All exchange offers conditioned on merger closing; Skyworks may modify or terminate offers.