Qorvo announces proposed $300m offering of senior notes

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has announced that it proposes to offer (subject to market conditions and other factors) $300m worth of senior notes (due 2029) to people reasonably believed to be qualified institutional buyers (pursuant to Rule 144A under the Securities Act of 1933, as amended) and to certain non-US people (in accordance with Regulation S under the Securities Act).

Qorvo expects to use the net proceeds of the offering 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 US 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 closes offering of additional $270m of notes

Qorvo closes offering of additional $130m of 5.50% senior notes due 2026

Qorvo completes offering of $500m senior notes

Tags: Qorvo

Visit: www.qorvo.com