Skyworks launches exchange offers for Qorvo's 2029 and 2031 senior notes amid planned acquisition.

Skyworks Solutions has initiated exchange offers for Qorvo's outstanding 4.375% senior notes due 2029 and 3.375% senior notes due 2031 as part of its planned acquisition of Qorvo. The offer allows Qorvo noteholders to swap their notes for new Skyworks notes with similar terms, alongside consent solicitations to amend note covenants. This move is contingent on the successful closing of the merger, aiming to streamline debt terms and support integration. The exchange offers will expire on September 1, 2026, with payments expected shortly after the merger closes.