Skyworks Solutions has extended the expiration date of its exchange offers for Qorvo's senior notes due 2029 and 2031 to September 11, 2026, from the original September 1 deadline. The offers target up to $850 million of 4.375% notes due 2029 and up to $700 million of 3.375% notes due 2031, with 90.55% and 93.36% of the respective outstanding principal amounts tendered so far. The exchange is part of Skyworks' planned merger with Qorvo, and settlement is expected no earlier than the second business day after the merger closes. Holders who already tendered need not take further action, and the offers remain subject to the terms of the prospectus filed with the SEC.
Skyworks Solutions IncSkyworks extends exchange offer deadline, advancing its merger with Qorvo.
Qorvo IncExchange offer progress and merger plans are positive for Qorvo as it moves toward acquisition.
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