Qorvo announces closing of $350m offering of senior notes

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has completed its offering of $350m worth of its senior notes (maturing in 2029). Paying interest semi-annually at a rate of 4.375%, the notes will mature on 15 October 2029, unless earlier redeemed in accordance with their terms.

The notes were issued 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.

The 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 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 prices offering of $350m in senior notes, upsized from $300m

Qorvo announces proposed $300m offering of senior notes

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Visit: www.qorvo.com