debt
confidence high
sentiment neutral
materiality 0.70
Skyworks issues $2B senior notes to fund Qorvo merger cash consideration
SKYWORKS SOLUTIONS, INC.
- Issued $800M 5.000% notes due 2028, $600M 5.750% due 2032, $600M 6.250% due 2036.
- Net proceeds, with existing cash, to fund ~$3.00B cash consideration for Qorvo acquisition.
- 2028 and 2036 notes subject to special mandatory redemption if Qorvo merger not closed by Nov 3, 2027 or abandoned.
- Underwriting agreement with Goldman Sachs, BofA Securities, J.P. Morgan, and Wells Fargo.
- 2032 notes not subject to special mandatory redemption; proceeds for general corporate purposes if merger fails.