Qorvo announces proposed offering of additional $100m of senior notes

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has announced that it proposes to offer (subject to market conditions and other factors) an additional $100m worth of its 4.375% senior notes due 2029 to people reasonably believed to be qualified institutional buyers (pursuant to Rule 144A under the Securities Act of 1933, as amended) and to certain non-US people (in accordance with Regulation S under the Securities Act).

Qorvo completed the offering of the initial $350m worth of notes on 30 September. The firm expects to use the net proceeds of the offering of additional notes for general corporate purposes.

The additional notes will be senior unsecured obligations of Qorvo and will be 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 will not be registered under the US 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.

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Qorvo announces closing of $350m offering of senior notes

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