debt
confidence high
sentiment neutral
materiality 0.45
Skyworks settles Qorvo note exchange, issuing $778M of 2029 and $647M of 2031 new notes
SKYWORKS SOLUTIONS, INC.
- Holders tendered $779,384,000 of Qorvo's 4.375% 2029 notes and $647,096,000 of 3.375% 2031 notes; $70,616,000 and $52,904,000 respectively remain outstanding.
- Skyworks issued $778,096,000 of new 4.375% Senior Notes due October 15, 2029 and $646,805,000 of new 3.375% Senior Notes due April 1, 2031.
- Accepted Qorvo notes were retired and canceled; proposed indenture amendments became effective, some operative upon Qorvo's merger into a Skyworks subsidiary.
- New Skyworks notes are senior unsecured obligations, structurally subordinated to subsidiary obligations and effectively subordinated to the company's secured debt.
- Settlement Date was October 7, 2026; the exchange offers expired at 5:00 p.m. New York City time on October 5, 2026.