Skyworks Settles Qorvo Debt Exchange: $1.42B in New Notes Issued
SWKS sits 60% above its 52-week low of $51.93.
Summary
Skyworks settled its exchange offers for Qorvo's outstanding notes, issuing $1.42 billion of new Skyworks senior notes and retiring $1.43 billion of Qorvo debt.
Key Events · Financing and Capital Events · SWKS
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Exchange Offers Settled
Skyworks accepted $779.4M of Qorvo 4.375% notes due 2029 and $647.1M of Qorvo 3.375% notes due 2031, representing over 91% of each series tendered.
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New Skyworks Notes Issued
Issued $778.1M of new 4.375% notes due 2029 and $646.8M of new 3.375% notes due 2031, both at par, as senior unsecured obligations.
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Debt Restructuring Complete
Retired $1.43B of Qorvo debt; $70.6M of 2029 notes and $52.9M of 2031 notes remain outstanding and will not be reissued.
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Consent Solicitations Effective
Supplemental indentures executed with Qorvo note trustee; amendments became operative upon settlement or immediately prior to the Qorvo merger closing.
Analysis · SWKS · Manufacturing
The exchange of Qorvo's outstanding senior notes for new Skyworks notes is now complete, retiring $1.43 billion of Qorvo debt and issuing $1.42 billion of new Skyworks notes. This finalizes the debt restructuring tied to the Qorvo acquisition, locking in interest rates of 4.375% and 3.375% and extending maturities to 2029 and 2031. Creditor acceptance was strong, with over 91% of both note series tendered. The transaction is leverage-neutral but shifts the debt onto Skyworks' balance sheet as senior unsecured obligations, structurally subordinated to subsidiary debt.
How filings like this one have moved
In the 30 days to Oct 7, 2026, 29% of the 1648 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.62%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SWKS was trading at $83.01 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $19.6B. The 52-week trading range was $51.93 to $92.80. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.