Skyworks prices USD 2 billion senior notes offering to fund Qorvo deal
SWKS•Senior notes offering priced to help fund Qorvo acquisition
- Skyworks Solutions priced a USD 2 billion senior notes offering across three tranches to help fund a planned USD 3 billion Qorvo acquisition.
- The deal includes USD 800 million of 5% senior notes due 2028, USD 600 million of 5.75% senior notes due 2032, and USD 600 million of 6.25% senior notes due 2036.
- Proceeds are earmarked for the merger cash consideration; proceeds from the 2032 notes will be used for general corporate purposes if the deal fails.
- The 2028 notes and 2036 notes include special mandatory redemption if the mergers are not completed by Nov. 3, 2027.
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