Qorvo proposes offering of additional $170m of senior notes

Subject to market conditions and other factors, Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) proposes to offer an additional $170m worth of its 5.50% senior notes (due 2026) to qualified institutional buyers and to certain non-US persons.

Qorvo completed the offering of the earlier $500m worth of notes (upsized from an initial $300m) on 16 July 2018, followed by a further $130m (upsized from an initial $100m) on 28 August.

Qorvo 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 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.

See related items:

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

Qorvo completes offering of $500m senior notes

Tags: Qorvo

Visit: www.qorvo.com