---
schema_version: "secwatch.filing_event.v1"
accession: "0001604778-23-000073"
form_type: "8-K"
ticker: "QRVO"
cik: "0001604778"
company_name: "Qorvo, Inc."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:32:16.070607+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Qorvo amends credit agreement to temporarily increase max leverage ratio

## Summary
- Second Amendment temporarily raises max leverage ratio to 4.00x (Q2-Q3 FY24) then 3.50x (Q4 FY24-Q1 FY25), then back to 3.00x.
- No outstanding borrowings under the $300M revolver as of June 23, 2023.
- Amendment permits up to two additional 0.50x leverage increases for acquisitions ≥$300M.

## SEC filing metadata
- accession: 0001604778-23-000073
- form_type: 8-K
- ticker: QRVO
- cik: 0001604778
- company_name: Qorvo, Inc.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1604778/000160477823000073/0001604778-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1604778/000160477823000073/rfmd-20230623.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001604778-23-000073
- JSON: https://secwatch.observer/filing/0001604778-23-000073.json
- Plain text: https://secwatch.observer/filing/0001604778-23-000073.txt

## Key facts
- Material Agreements
  Qorvo, Inc. amended Second Amendment with Bank of America, N.A., as administrative agent, swing line lender and L/C issuer and a syndicate of lenders valued at $300.0 million (effective 2023-06-23).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, swing line lender and L/C issuer and a syndicate of lenders
  - Value: $300.0 million
  - Effective: 2023-06-23
  source text: On June 23, 2023, Qorvo, Inc. (the “Company”) entered into a second amendment (the “Second Amendment”) to the existing amended and restated credit agreement between the Company, certain material domestic subsidiaries of the Company, Bank of America, N.A., as administrative agent, swing line lender and L/C issuer and a syndicate of lenders providing for a senior revolving line of credit of up to $300.0 million (the “Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1604778/000160477823000073/0001604778-23-000073-index.htm

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