The high tender rates (90.5% and 93.4%) suggest bondholders expect the merger to close, reducing the risk of a failed deal. Monitor the new expiration date of September 11 for any further extensions or updates on remaining regulatory approvals (China, South Korea) that could signal closing delays.
Price Chart
Executive Summary
Skyworks extended the expiration date of its exchange offers for Qorvo's senior notes by 10 days to September 11, 2026, as it continues to work toward closing the pending merger. As of the original deadline, 90.55% of the 2029 notes and 93.36% of the 2031 notes had been validly tendered, indicating strong bondholder participation. The extension is a procedural step in the deal process, with no changes to terms, and Skyworks reiterated its hope to close within the calendar year.
Key Financial Metrics
Key Facts
- Skyworks extended the expiration date of its exchange offers for Qorvo's senior notes from September 1, 2026 to September 11, 2026.
- As of September 1, 2026, 90.55% ($769.65M) of the $850M 4.375% 2029 Qorvo Notes and 93.36% ($653.54M) of the $700M 3.375% 2031 Qorvo Notes had been validly tendered.
- The exchange offers are conditioned on the closing of the merger, but the merger is not conditioned on the results of the exchange offers.
- Settlement of the exchange offers is expected no earlier than the second business day after the merger closes.
- Skyworks stated it is hopeful the merger will close within the calendar year and is preparing to close as early as within its fiscal year.
Financial Impact
Extension of exchange offers for up to $1.55B in aggregate principal amount of Qorvo notes; $769.65M of 2029 notes and $653.54M of 2031 notes already tendered.
Risk Factors
- Merger may not close within the expected timeline or at all, as regulatory approvals from China and South Korea remain pending.
- If the merger fails, the exchange offers will not settle, and Skyworks would need to address the $2.0B in notes issued to finance the cash consideration.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001104659-26-104396 |
| Document: tm2624606d2_ex99-1.htm | 0001104659-26-104396 |
| Document: 0001104659-26-104396-index-headers.html | 0001104659-26-104396 |
| Document: 0001104659-26-104396-index.html | 0001104659-26-104396 |
| Document: 0001104659-26-104396.txt | 0001104659-26-104396 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 18d ago | 144 | $107.98 $117.21 | ▲ +8.55% | ▲ +8.44% | $113.08 (+4.72%) |
Sep 11, 2026 21d ago | 425 | $116.65 $117.18 | ▲ +0.45% | ▲ +0.68% | $113.08 (−3.06%) |
Sep 3, 2026 29d ago | Insider Cluster | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.08 (+12.65%) |
Sep 2, 2026 29d ago | 144 | $100.38 $116.65 | ▲ +16.21% | ▲ +17.36% | $113.08 (+12.65%) |
Sep 2, 2026 4w ago | 144 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.08 (+12.90%) |
Sep 2, 2026 4w ago | 425 | $100.16 $112.36 | ▲ +12.19% | ▲ +13.14% | $113.08 (+12.90%) |
Aug 18, 2026 6w ago | Insider Cluster | $95.37 $94.34 | ▲ +1.07% | ▲ +0.87% | $113.08 (−18.58%) |
Aug 10, 2026 7w ago | 425 | $96.68 $95.37 | ▼ −1.36% | ▼ −0.96% | $113.08 (+16.96%) |
Aug 3, 2026 8w ago | 425 | $89.49 $97.00 | ▲ +8.39% | ▲ +6.36% | $113.08 (+26.36%) |
Jul 15, 2026 11w ago | Press Release | $83.50 $86.73 | ▲ +3.87% | ▲ +5.54% | $113.08 (+35.43%) |
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