$SWKS · SKYWORKS SOLUTIONS, INC.
Skyworks Solutions completed its previously announced exchange offers for Qorvo's outstanding senior notes on October 7, 2026. The company issued $778.1M in new 4.375% Senior Notes due 2029 and $646.8M in new 3.375% Senior Notes due 2031, retiring approximately $1.43B of Qorvo notes. Small residual amounts — $70.6M of 2029 notes and $52.9M of 2031 notes — remain outstanding. The exchange is part of Skyworks' acquisition of Qorvo, with supplemental indentures tied to the merger closing.
- Skyworks issued $778.1M of 4.375% Senior Notes due 2029 and $646.8M of 3.375% Senior Notes due 2031.
- The exchange retired $779.4M of Qorvo's 2029 notes and $647.1M of Qorvo's 2031 notes, leaving small residual amounts outstanding.
- The exchange offers expired October 5, 2026, and settlement occurred October 7, 2026.
- The new notes are senior unsecured obligations, structurally subordinated to subsidiary obligations.
- The transaction is tied to Qorvo's pending merger into a Skyworks subsidiary, with supplemental indentures operative upon closing.
Price data unavailable for meaningful reaction assessment — after-hours move is flat at -0.04% vs filing time. The exchange was pre-announced (S-4 effective May 29, 2026), so completion is largely expected.
This debt exchange is a key step in Skyworks' acquisition of Qorvo, converting Qorvo bondholders into Skyworks creditors and clearing the path for merger completion.
This exchange is part of Skyworks' acquisition of Qorvo, consolidating debt obligations ahead of the merger close. The transaction shifts Qorvo bondholders into Skyworks paper, streamlining the post-merger capital structure.
The new Skyworks notes are structurally subordinated to all subsidiary obligations and effectively subordinated to secured debt, limiting recovery in a downside scenario. Residual Qorvo notes ($70.6M 2029, $52.9M 2031) remain outstanding and are not Skyworks obligations.
Get filings like this before the market reacts.
Real-time SEC filing alerts, AI summaries, and a free daily digest — plus portfolio tracking that ties filings to your positions.