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

manilatimes.net · 2026-09-12

IRVINE, Calif., Sept. 11, 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 announced an extension of its exchange offer deadline for Qorvo senior notes maturing in 2029 and 2031, indicating ongoing debt management activity within the semiconductor equipment sector. Given TickrTrends' current overvalued assessment of SWKS, investors focused on valuation should monitor whether this debt restructuring activity signals management confidence in future cash generation or reflects caution about near-term financial flexibility. The extension itself suggests the exchange process has not yet reached full completion, which could be relevant to tracking how the company's leverage metrics and balance sheet strength evolve relative to current market pricing.

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