Skyworks Launches Exchange Offers for Qorvo Senior Notes

Skyworks Solutions, Inc. announced on May 20, 2026, that it has commenced exchange offers for Qorvo's outstanding senior notes. 375% Senior Notes due 2031. The company is offering to exchange up to $850 million principal amount of the 2029 notes and up to $700 million principal amount of the 2031 notes for new Skyworks notes with identical interest rates and maturity dates.

Holders who participate early receive an additional $50 principal amount of new notes.

Skyworks is also soliciting consents from note holders to amend the indentures governing the Qorvo notes. The proposed amendments would eliminate most restrictive covenants, certain affirmative covenants, and certain events of default. 00 per $1,000 principal amount.

All exchange offers and consent solicitations are conditioned on the closing of the merger between Qorvo and a Skyworks subsidiary. The new Skyworks notes will replace the existing fixed redemption schedules with standard investment-grade redemption terms, including a three-month par call and make-whole provisions.