Skyworks Announces Extension of Expiration Date of Exchange Offers for Qorvo’s Senior Notes due 2029 and 2031

manilatimes.net · 2026-09-25

IRVINE, Calif., Sept. 25, 2026 (GLOBE NEWSWIRE) -- Skyworks Solutions, Inc. (Nasdaq: SWKS) ('Skyworks”), a leading developer, manufacturer and provider of analog and mixed-signal semiconductors and solutions for numerous applications, today announced that it has extended the expiration date of its previously announced offers to holders of Qorvo Notes (as defined herein) to exchange (the 'Exchange Offers”) any and all outstanding 4.375% Senior Notes due 2029 (the '2029 Qorvo Notes”) and any and all outstanding 3.375% Senior Notes due 2031 (the '2031 Qorvo Notes” and, together with the 2029 Qorvo Notes, the 'Qorvo Notes”) issued by Qorvo, Inc. ('Qorvo”) as set forth in the table below for (1) with respect to the 2029 Qorvo Notes, up to $850,000,000 aggregate principal amount of new 4.375% Senior Notes due 2029 (the 'New 2029 Skyworks Notes”) issued by Skyworks and (2) with respect to the 2031 Qorvo Notes, up to $700,000,000 aggregate principal amount of new 3.375% Senior Notes due 2031 (together with the New 2029 Skyworks Notes, the 'New Skyworks Notes”) issued by Skyworks.

TickrTrends take: Skyworks' extension of exchange offer deadlines for Qorvo's senior notes suggests the company is managing its debt structure, which is relevant to assessing the financial health underlying QRVO's fairly valued status. For valuation-focused investors, monitoring how successfully Qorvo refinances or restructures this debt will be important, as changes to the company's capital structure and interest obligations can affect future earnings and financial flexibility in the competitive Technology sector. The outcome of this exchange offer could provide clarity on Qorvo's debt maturity profile and leverage metrics going forward.

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