Skyworks secures 89–93% early participation in Qorvo debt exchange, clearing covenant amendments

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

Key Changes

• high

  Qorvo noteholders tendered $760.1M of $850M 2029 notes (89.4%) and $651.3M of $700M 2031 notes (93.1%) by the early deadline, securing requisite consents to eliminate substantially all restrictive covenants.

  Exhibit 99.1 view on EDGAR →
• high

  Covenant amendments became operative June 11, removing most restrictive covenants, certain affirmative covenants, and certain events of default; amendments cease if the merger does not close.

  Exhibit 99.1 view on EDGAR →
• medium

  Early participants receive $1,000 principal of new Skyworks notes per $1,000 Qorvo notes tendered ($950 base plus $50 premium); late participants receive only $950 if tendering before September 1 expiration.

  Exhibit 99.1 view on EDGAR →