Qorvo® Broadcasts Closing of $500 Million Senior Notes

GREENSBORO, N.C., Dec. 14, 2021 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq: QRVO), a number one supplier of modern RF options that join the world, in the present day introduced the completion of its providing of $500 million principal quantity of its senior notes maturing in 2024 (the “Notes”). The Notes pays curiosity semi-annually at a price of 1.750%. The Notes will mature on December 15, 2024, except earlier redeemed in accordance with their phrases.

The Notes have been issued to individuals fairly believed to be certified institutional consumers pursuant to Rule 144A beneath the Securities Act of 1933, as amended (the “Securities Act”), and to sure non-U.S. individuals in accordance with Regulation S beneath the Securities Act. Qorvo has used a portion of the online proceeds of the providing to repay all of its time period mortgage and can use the rest of the online proceeds of the providing for basic company functions. The Notes are senior unsecured obligations of Qorvo and are initially assured, collectively and severally, by every of Qorvo’s present and future direct and oblique wholly-owned U.S. subsidiaries that assure Qorvo’s obligations beneath its credit score facility.

The Notes haven’t been registered beneath the Securities Act or any state securities legal guidelines and is probably not supplied or offered in the US absent registration or an relevant exemption from such registration necessities.

This press launch shall not represent a proposal to promote nor a solicitation of a proposal to purchase the Notes or another securities and shall not represent a proposal, solicitation or sale in any jurisdiction during which such supply, solicitation or sale can be illegal.

About Qorvo
Qorvo (Nasdaq: QRVO) makes a greater world potential by offering modern Radio Frequency (RF) options on the heart of connectivity. We mix product and know-how management, systems-level experience and world manufacturing scale to rapidly remedy our prospects’ most advanced technical challenges. Qorvo serves numerous high-growth segments of huge world markets, together with superior wi-fi gadgets, wired and wi-fi networks and protection radar and communications. We additionally leverage distinctive aggressive strengths to advance 5G networks, cloud computing, the Web of Issues, and different rising purposes that develop the worldwide framework interconnecting individuals, locations and issues. Go to www.qorvo.com to learn the way Qorvo connects the world.

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