Qorvo plans to sell guaranteed senior notes

By Devika Patel

Knoxville, Tenn., Dec. 9 – Qorvo, Inc. intends to sell guaranteed senior notes (BBB-/BBB+) in a Rule 144A and Regulation S offering, according to a company press release.

The notes are expected to mature in 2024, S&P Global Ratings said in a separate news release.

The notes will be initially guaranteed by each of Qorvo’s wholly owned U.S. subsidiaries that guarantee the company’s obligations under its credit facility.

Proceeds will be used to repay all or some of the company’s term loan and for general corporate purposes.

Qorvo is a Greensboro, N.C.-based radio-frequency semiconductor company.

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