{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-118050","form_type":"8-K","ticker":"QRVO","cik":"0001604778","company_name":"Qorvo, Inc.","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.187341+00:00","generated_at":"2026-06-03T06:29:17.540438+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Qorvo enters $325M senior revolving credit facility, maturing 2029","bullets":["Five-year $325M unsecured revolving credit facility with Bank of America as agent; replaces 2020 facility.","Interest based on Term SOFR or Base Rate; Applicable Rate initially 1.250% for SOFR loans (Leverage Ratio Pricing Level III).","Financial covenant: max consolidated leverage ratio 3.50:1.0 (can rise to 4.00:1.0 for four quarters after >$300M acquisition).","Facility may be increased by up to $325M subject to additional commitments; maturity April 23, 2029, extendable up to 2 years."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-118050","json":"https://secwatch.observer/filing/0001193125-24-118050.json","markdown":"https://secwatch.observer/filing/0001193125-24-118050.md","text":"https://secwatch.observer/filing/0001193125-24-118050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/0001193125-24-118050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/d813150d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:29:17.540438+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e82e1a2d564a3f66b8c02a3b6228ff13e4fe83f4","claim":"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.","evidence_excerpt":"The Credit Agreement provides for a $325.0 million senior revolving line of credit (the “Revolving Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/0001193125-24-118050-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$325.0 million senior revolving line of credit"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"Term SOFR plus Applicable Rate ranging from 1.000% to 1.750% per annum"},{"label":"Maturity","value":"April 23, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b13328593580def52a37858323565957c8c2b4d0","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/0001193125-24-118050-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and a syndicate of lenders"},{"label":"Value","value":"$325.0 million"},{"label":"Effective","value":"2024-04-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}