29 August 2018

Qorvo closes offering of additional $130m of 5.50% senior notes due 2026

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Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has completed its offering of an additional $130m of its senior notes maturing in 2026 (upsized from the initial $100m announced on 14 July).

Issued to qualified institutional buyers and certain non-US persons, the additional notes will pay interest semi-annually at a rate of 5.50% and mature on 15 July 2026 (unless earlier redeemed in accordance with their terms).
The firm completed the offering of the initial $500m of the notes on 16 July (upsized from the $300m originally announced on 10 July).

Qorvo expects to use the net proceeds of the offering, together with cash on hand, to finance its recently announced tender offer of 7.00% senior notes due 2025.

The additional notes are senior unsecured obligations of Qorvo and are initially guaranteed, jointly and severally, by each of Qorvo’s existing and future direct and indirect wholly owned US subsidiaries that guarantee Qorvo’s obligations under its existing credit facility.

The additional notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the USA absent registration or an applicable exemption from such registration requirements.

See related items:

Qorvo proposes offering additional $100m of 5.50% senior notes due 2026

Qorvo completes offering of $500m senior notes

Qorvo announces pricing of $500m senior notes offering, upsized from $300m

Qorvo announces increase of cash tender offer for senior notes due 2025 from $150m to $300m

Tags: Qorvo

Visit: www.qorvo.com