AES Semigas


30 September 2020

Qorvo closes $700m offering of senior notes due 2031

Qorvo Inc of Greensboro, NC, USA (which provides core technologies and RF solutions for mobile, infrastructure and defense applications) has completed its offering of $700m of its senior notes maturing in 2031.

Issued to qualified institutional buyers and certain non-US persons, the notes will pay interest semi-annually at a rate of 3.375% and mature on 1 April 2031, unless earlier redeemed in accordance with their terms.

Qorvo expects to use the net proceeds of the offering, together with borrowings under its credit facility, to redeem all of its outstanding 5.50% senior notes due 2026.

The notes are senior unsecured obligations of Qorvo and are 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 credit facility.

The notes have not been and 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 prices offering of $700m of senior notes maturing in April 2031

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

Tags: Qorvo




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