---
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"
generated_at: "2026-06-03T06:29:17.540438+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Qorvo enters $325M senior revolving credit facility, maturing 2029

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-118050
- JSON: https://secwatch.observer/filing/0001193125-24-118050.json
- Plain text: https://secwatch.observer/filing/0001193125-24-118050.txt

## Key facts
- Debt Financings
  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
  source text: The Credit Agreement provides for a $325.0 million senior revolving line of credit (the “Revolving Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/0001193125-24-118050-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1604778/000119312524118050/0001193125-24-118050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.