Qorvo enters supplemental indentures for debt amendments ahead of Skyworks merger

Qorvo Inc. (NASDAQ: QRVO) entered into supplemental indentures on June 11, 2026, to implement amendments to its senior notes ahead of its proposed merger with Skyworks Solutions Inc.

The company signed a third supplemental indenture for its 2029 notes and a first supplemental indenture for its 2031 notes with Computershare Trust Company, N.A. as trustee. The amendments eliminate substantially all restrictive covenants, certain affirmative covenants and certain events of default from both series of notes.

Qorvo received the requisite number of consents from noteholders to adopt the proposed amendments for both its 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031.

The amendments will not become operative until immediately prior to the completion of the Skyworks merger or upon settlement of the related exchange offers. The amendments will cease to be operative if the merger is not completed.

In connection with the merger, Skyworks is conducting exchange offers for Qorvo's outstanding debt. The offers include exchanging up to $850 million aggregate principal amount of the 2029 notes for new Skyworks notes with the same terms, and up to $700 million aggregate principal amount of the 2031 notes for corresponding new Skyworks notes.

The merger involves a two-step transaction where Qorvo will first merge with a Skyworks subsidiary and then merge into another Skyworks subsidiary, making Qorvo a wholly-owned subsidiary of Skyworks.

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