ARM Purification

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1 March 2019

Qorvo prices offering of additional $270m of senior notes, upsized from $170m

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 $270m worth of its 5.50% senior notes (due 2026) at 101.500% of par value plus interest deemed to have accrued from 15 January to the closing date, bringing the total outstanding principal amount of the notes to $900m. The offering has been upsized from the $170m announced on 28 February.

Issued to qualified institutional buyers and certain non-US persons, Qorvo expects to close the sale of the additional notes on or about 5 March, subject to the satisfaction of customary closing conditions.

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 US Securities Act or any state securities laws and may not be offered or sold in the USA without registration or an applicable exemption from such registration requirements.

See related items:

Qorvo proposes offering of additional $170m of senior 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

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