Skyworks secures strong early participation in exchange offers for Qorvo's 2029 and 2031 senior notes.

Skyworks Solutions announced high early participation rates in its exchange offers for Qorvo's 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031, with over 89% and 93% tendered respectively. The offers include issuing new Skyworks notes and consent solicitations to amend Qorvo notes by removing restrictive covenants, pending the closing of a merger between Skyworks and Qorvo. These amendments will become effective upon the merger or settlement of the exchange offers. The merger aims to combine the companies, with the exchange offers expiring on September 1, 2026, subject to extension.