Loan & DebtAug 10, 2026, 04:13 PM
Skyworks Issues $2.0B Senior Notes for Qorvo Acquisition
AI Summary
Skyworks Solutions, Inc. issued $2.0 billion in senior notes across three tranches: $800 million at 5.000% due 2028, $600 million at 5.750% due 2032, and $600 million at 6.250% due 2036. The company intends to use the net proceeds, along with existing cash, to finance the $3.0 billion cash consideration for its acquisition of Qorvo, Inc. The 2028 and 2036 Notes are subject to special mandatory redemption if the Qorvo acquisition is not completed by November 3, 2027, or if the company decides not to pursue it.
Key Highlights
- Issued $800,000,000 5.000% Senior Notes due 2028
- Issued $600,000,000 5.750% Senior Notes due 2032
- Issued $600,000,000 6.250% Senior Notes due 2036
- Total $2.0 billion in senior notes issued
- Proceeds to finance $3.0 billion cash consideration for Qorvo acquisition
- 2028 and 2036 Notes subject to special mandatory redemption if Mergers not completed
- Notes are senior unsecured obligations, equal in right of payment with other senior unsecured debt
Price Impact
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