Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Qorvo, Inc. incurred revolving credit of $325.0 million senior revolving line of credit with Bank of America, N.A., as administrative agent at Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% per annum maturing April 23, 2029.
- Instrument
- revolving credit
- Principal
- $325.0 million senior revolving line of credit
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% per annum
- Maturity
- April 23, 2029
- Event
- incurrence
Exact text from the filing
The Credit Agreement provides for a $325.0 million senior revolving line of credit (the “Revolving Facility”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Qorvo, Inc. entered into Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and a syndicate of lenders valued at $325.0 million (effective 2024-04-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and a syndicate of lenders
- Value
- $325.0 million
- Effective
- 2024-04-23
Exact text from the filing
On April 23, 2024, Qorvo, Inc. (the “Company”) entered into a five-year unsecured senior credit facility pursuant to a credit agreement with Bank of America, N.A., as administrative agent (in such capacity, the “Administrative Agent”), swing line lender and letter of credit issuer, and a syndicate of lenders (the “Credit Agreement”).
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