secwatch.observer — SEC 8-K summary
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Issuer:     Qorvo, Inc. (QRVO)
CIK:        0001604778
Form:       8-K
Filed at:   2023-06-28T23:59:59+00:00
Accession:  0001604778-23-000073
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Qorvo amends credit agreement to temporarily increase max leverage ratio
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000073/0001604778-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1604778/000160477823000073/rfmd-20230623.htm
  HTML page:      https://secwatch.observer/filing/0001604778-23-000073

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