Skyworks completes debt exchange for Qorvo notes worth $1.43B

Skyworks issued $1.43 billion in new senior unsecured notes on October 7, 2026, exchanging them for Qorvo's outstanding debt as part of a previously announced acquisition. The company took on $1.43B in fixed-rate debt obligations ($778M at 4.375% due 2029; $647M at 3.375% due 2031), which increases leverage ahead of the Qorvo merger closing and raises near-term refinancing risk for a combined entity.

Skyworks borrowed $1.43 billion by issuing bonds to swap out Qorvo's old debt as part of acquiring Qorvo. This adds significant debt to Skyworks' balance sheet and represents a material financial obligation.