6 November 2015

Qorvo announces proposed $1bn senior notes offering

Qorvo Inc of Greensboro, NC and Hillsboro, OR, USA, a provider of RF solutions for mobile, infrastructure and aerospace/defense applications, says that it proposes to offer (subject to market conditions and other factors) $1bn aggregate principal amount of senior notes due 2023 and 2025 to qualified institutional buyers (pursuant to Rule 144A under the Securities Act of 1933, as amended) and to certain non-US persons (in accordance with Regulation S under the Securities Act).

Qorvo expects to use the net proceeds of the offering for general corporate purposes, including share repurchases and repayment of any amounts outstanding under its revolving credit facility.

The notes will be senior unsecured obligations of Qorvo and will be initially guaranteed (jointly and severally) by each of the firm's existing and future direct and indirect wholly owned US subsidiaries that guarantee Qorvo's obligations under its revolving credit facility.

The notes will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the USA without registration or an applicable exemption from such registration requirements.

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