Skyworks offers to exchange up to $1.55B of new notes for Qorvo notes in merger transaction

Filed May 29, 2026 · ~3 min read

Key Changes

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  Skyworks is offering to exchange up to $1.55 billion principal amount of new Skyworks notes (4.375% 2029 Notes and 3.375% 2031 Notes) for existing Qorvo notes as part of its acquisition of Qorvo. Skyworks receives no cash proceeds; it issues notes and pays cash to acquire Qorvo notes, which it does not intend to resell.

  Use of Proceeds verify on EDGAR →
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  Holders tendering Qorvo notes receive $950 principal amount of Skyworks notes per $1,000 Qorvo notes tendered. Early participants may receive an additional $50 principal amount of Skyworks notes plus $2.50–$5.00 cash, bringing total consideration to $1,000 principal amount of Skyworks notes plus cash.

  Use of Proceeds verify on EDGAR →
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  The exchange is contingent on SEC effectiveness and consummation of the Skyworks-Qorvo merger. If the merger does not close, holders receive no consideration. The merger agreement includes reciprocal $299 million termination fees if either party walks to accept a superior proposal, plus a $100 million fee payable by Skyworks if the deal fails due to antitrust or regulatory obstacles.

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