SKYWORKS SOLUTIONS, INC. 8-K

What Happened
Skyworks Solutions, Inc. announced on May 20, 2026 that it has commenced exchange offers to swap outstanding Qorvo, Inc. senior notes for new Skyworks notes as part of the anticipated merger of Qorvo into a Skyworks subsidiary. The company is also soliciting consents to amend the indentures governing the Qorvo notes in connection with the offers. The announcement was made via a press release attached to the 8-K.

Key Details

• Exchange Offers: Qorvo’s 4.375% Senior Notes due 2029 and 3.375% Senior Notes due 2031 are being targeted for exchange.
• Offer sizes: up to $850 million of new 4.375% Skyworks notes due 2029 and up to $700 million of new 3.375% Skyworks notes due 2031 (total up to $1.55 billion).
• Consent Solicitations: Skyworks, on behalf of Qorvo, is seeking consents to amend the indentures for each series of Qorvo notes in exchange for consent payments.
• Conditions: The Exchange Offers and Consent Solicitations are subject to customary conditions, including completion of the Mergers and terms set forth in a Form S-4 registration statement.

Why It Matters
This action is a key financing and integration step tied directly to the planned acquisition of Qorvo by Skyworks. For investors, the moves affect the combined company’s debt profile and the treatment of existing Qorvo bondholders (who may swap into Skyworks paper). The offers and consent solicitations will influence which bonds remain on Qorvo’s records versus become obligations of Skyworks, and are contingent on the merger closing.