News: Microelectronics
13 May 2021
Skyworks prices offering of senior notes to raise $1.5bn
Under its effective shelf registration statement filed with the US Securities and Exchange Commission (SEC), Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has priced its underwritten public offering of senior notes to raise $1.5bn, consisting of $500m of its 0.900% senior notes due 2023, $500m of its 1.800% senior notes due 2026 and $500m of its 3.000% senior notes due 2031.
Skyworks intends to use the net proceeds of the offering, together with other sources of cash, to finance the cash consideration of $2.75bn for the acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc (announced on 22 April).
The offering is expected to close on 26 May, subject to the satisfaction of customary closing conditions.
Skyworks acquiring Silicon Labs’ Infrastructure & Automotive business for $2.75bn
