M&A
confidence high
sentiment neutral
materiality 0.50
Skyworks extends Qorvo note exchange deadline to Sept 11; 90-93% tendered
SKYWORKS SOLUTIONS, INC.
- Expiration of exchange offers for Qorvo's 4.375% 2029 and 3.375% 2031 notes extended to Sept 11, 2026 (from Sept 1).
- As of Sept 1, 90.30% of 2029 notes ($767.5M of $850M) and 93.29% of 2031 notes ($653M of $700M) validly tendered.
- Settlement expected no earlier than second business day after merger close; Skyworks hopes to close within calendar year.
- Exchange offers remain conditioned on closing of Skyworks-Qorvo merger; all other terms unchanged.