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10 July 2018

Qorvo proposes $300m senior notes offering

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

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 $300m in senior notes (due 2026) to qualified institutional buyers.

In connection with its recently announced tender offers, Qorvo expects to use the net proceeds of the offering to purchase its 6.75% senior notes due 2023 (tendered after the early tender date and prior to the expiration date) and up to $150m of its 7.00% senior notes due 2025, to pay related fees and expenses of the offering and the tender offers, and for general corporate purposes.

The 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 notes will not be 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.

Tags: Qorvo

Visit: www.qorvo.com

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