Skyworks Issues $2 Billion in Notes to Help Fund Qorvo Acquisition

Skyworks Solutions issued $800 million of 5.000% notes due 2028, $600 million of 5.750% notes due 2032 and $600 million of 6.250% notes due 2036, with U.S. Bank Trust Company, National Association as trustee. The company plans to use the net proceeds, together with existing cash, to fund approximately $3.00 billion of cash consideration for its acquisition of Qorvo; if the merger is not completed, the 2028 and 2036 notes are subject to special mandatory redemption, while the 2032 notes are not.