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Stock impact report

Qorvo Announces Pricing of Offering of Additional $300 Million of 4.375% Senior Notes Due 2029

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: GlobeNewswire
GREENSBORO, N.C., May 28, 2020 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced the pricing of its offering of an additional $300 million principal amount of its 4.375% senior notes due 2029 (the “Notes”), at 102.250% of par value plus interest deemed to have accrued from April 15, 2020 to the closing date, bringing the total outstanding principal amount of the Notes to $850 million. The offering was upsized from a previously announced amount of $250 million. Qorvo expects to close the sale of the additional Notes on or about June 11, 2020, subject to the satisfaction of customary closing conditions. The additional Notes will be issued to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act. Qorvo expects to use th Show less Read more
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