Qorvo bondholders approve covenant removal on $1.55B notes ahead of Skyworks merger

Filed June 12, 2026 · Period ending June 11, 2026 · ~1 min read

Key Changes

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  Holders of Qorvo's 4.375% 2029 notes ($850M) and 3.375% 2031 notes ($700M) approved amendments eliminating substantially all restrictive covenants, certain affirmative covenants, and certain events of default.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Covenant stripping becomes operative immediately before the Skyworks merger closes or upon settlement of related exchange offers; amendments cease if the merger does not close.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Skyworks is offering to exchange up to $850M of Qorvo's 2029 notes and up to $700M of 2031 notes for new Skyworks notes with identical coupons and maturities.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →