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18 December 2019

Qorvo prices offering of additional $200m of senior notes, upsized from $100m

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has priced its offering of an additional $200m worth of its 4.375% senior notes due 2029 at 104.500% of par value plus interest deemed to have accrued from 30 September 2019 to the closing date, bringing the total outstanding principal amount of the notes to $550m.

The offering was upsized from the $100m initially announced. Qorvo expects to close the sale of the additional notes on or about 20 December, subject to the satisfaction of customary closing conditions.

The additional notes will be 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 additional 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 additional 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.

See related items:

Qorvo announces proposed offering of additional $100m of senior notes

Qorvo announces closing of $350m offering of senior notes

Tags: Qorvo

Visit: www.qorvo.com

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