Monitor the remaining outstanding Qorvo notes (~$123.5M aggregate) for potential future exchange or redemption. The post-merger capital structure is now largely simplified; watch for any rating agency actions on Skyworks' credit following the integration.
Price Chart
Executive Summary
Skyworks Solutions completed its exchange offers for Qorvo's outstanding senior notes, issuing $778,096,000 of new 4.375% Senior Notes due 2029 and $646,805,000 of new 3.375% Senior Notes due 2031 in exchange for $779,384,000 and $647,096,000 of the respective Qorvo notes. This is a routine post-merger debt refinancing step that replaces Qorvo's debt with Skyworks' own senior unsecured notes, simplifying the combined capital structure. The filing is administrative in nature and does not change Skyworks' overall leverage or credit profile.
Key Facts
- Skyworks issued $778,096,000 of new 4.375% Senior Notes due 2029 and $646,805,000 of new 3.375% Senior Notes due 2031
- The exchange offers settled on October 7, 2026, with $779,384,000 of 2029 Qorvo Notes and $647,096,000 of 2031 Qorvo Notes tendered and accepted
- Following settlement, $70,616,000 of 2029 Qorvo Notes and $52,904,000 of 2031 Qorvo Notes remain outstanding
- The new notes are senior unsecured obligations of Skyworks, structurally subordinated to all subsidiary obligations
- The 4.375% notes mature October 15, 2029; the 3.375% notes mature April 1, 2031
Financial Impact
Total new debt issued of approximately $1.425 billion, replacing an equivalent amount of Qorvo debt. No net change in Skyworks' consolidated debt.
Risk Factors
- Remaining Qorvo notes outstanding could complicate future refinancing if not addressed
- Structural subordination of the new notes to subsidiary-level debt may affect recovery in distress
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-114359 |
| Document: tm2626934d2_ex4-1.htm | 0001104659-26-114359 |
| Document: tm2626934d2_8k.htm | 0001104659-26-114359 |
| Document: 0001104659-26-114359-index-headers.html | 0001104659-26-114359 |
| Document: 0001104659-26-114359-index.html | 0001104659-26-114359 |
| Document: 0001104659-26-114359.txt | 0001104659-26-114359 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $83.75 | awaiting T+5 | — | $85.48 (+2.07%) |
Oct 19, 2026 8d ago | SC 13G/A | $80.23 $83.34 | ▲ +3.88% | ▲ +4.02% | $85.48 (+6.54%) |
Oct 7, 2026 20d ago | 3 | $80.75 $79.10 | ▼ −2.04% | ▼ −1.77% | $85.48 (+5.86%) |
Oct 7, 2026 20d ago | 3 | $80.75 $79.10 | ▼ −2.04% | ▼ −1.77% | $85.48 (+5.86%) |
Oct 7, 2026 20d ago | 3 | $80.75 $79.10 | ▼ −2.04% | ▼ −1.77% | $85.48 (+5.86%) |
Oct 7, 2026 20d ago | 3 | $80.75 $79.10 | ▼ −2.04% | ▼ −1.77% | $85.48 (+5.86%) |
Oct 7, 2026 20d ago | 8-K | $80.75 $79.10 | ▼ −2.04% | ▼ −1.77% | $85.48 (+5.86%) |
Oct 7, 2026 20d ago | SC 13G | $83.43 $76.89 | ▼ −7.84% | ▼ −6.86% | $85.48 (+2.46%) |
Oct 6, 2026 21d ago | SC 13G | $83.43 $76.89 | ▼ −7.84% | ▼ −6.86% | $85.48 (+2.46%) |
Oct 5, 2026 22d ago | 8-K | $83.91 $74.70 | ▼ −10.98% | ▼ −11.40% | $85.48 (+1.87%) |
US Market Status
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