01—Abstract
Summary
Summary of the 8-K filed October 7, 2026. Cited figures are marked; the original filing is the authoritative source.
On October 7, 2026, Skyworks Solutions, Inc. completed its previously announced exchange offers and consent solicitations for senior notes issued by Qorvo, Inc. Under the exchange offers, holders tendered and had accepted $779,384,000a aggregate principal of Qorvo's 4.375% Senior Notes due 2029 and $647,096,000 aggregate principal of Qorvo's 3.375% Senior Notes due 2031.
Skyworks issued in exchange $778,096,000b of new 4.375% Senior Notes due October 15, 2029 and $646,805,000 of new 3.375% Senior Notes due April 1, 2031. The exchange offers expired at 5:00 p.m. New York City time on October 5, 2026, and are no longer open to participation.
Following settlement, $70,616,000c of the 2029 Qorvo Notes and $52,904,000 of the 2031 Qorvo Notes remain outstanding. As part of the consent solicitations, Qorvo entered into supplemental indentures adopting proposed amendments to each series of its notes. Depending on the amendment, these became operative either upon the Settlement Date or immediately before the closing of a transaction in which Qorvo merged with and into a Skyworks subsidiary, which continues as the surviving wholly-owned subsidiary of Skyworks.
The new Skyworks notes are senior unsecured obligations of the parent company, effectively subordinated to its secured debt to the extent of the value of collateral, and structurally subordinated to all obligations of its subsidiaries. The notes were issued under a base indenture dated August 10, 2026, with U.S. Bank Trust Company, National Association as trustee. The filing is primarily a financing-structure disclosure.
It reports the completion of the debt exchange and the issuance of the new notes, and it reflects the Qorvo merger-related transactions described in the consent solicitation. The 8-K does not provide earnings or operating results.
02—Key points
Key Highlights
- Skyworks completed exchange offers on October 7, 2026, accepting $779,384,000 of Qorvo's 4.375% Notes due 2029 and $647,096,000 of Qorvo's 3.375% Notes due 2031.
- Skyworks issued $778,096,000 of new 4.375% Senior Notes due October 15, 2029 and $646,805,000 of new 3.375% Senior Notes due April 1, 2031.
- Accepted Qorvo notes will be retired and canceled; $70,616,000 (2029) and $52,904,000 (2031) of Qorvo notes remain outstanding.
- The exchange offers expired at 5:00 p.m. New York City time on October 5, 2026, and are no longer open to participation.
- Qorvo's indenture amendments became effective upon execution of supplemental indentures and become operative on the Settlement Date or immediately before a Qorvo merger into a Skyworks subsidiary, depending on the amendment.
- The new Skyworks notes are senior unsecured obligations, effectively subordinated to secured debt and structurally subordinated to subsidiary obligations.
- The notes were issued under a base indenture dated August 10, 2026 with U.S. Bank Trust Company, National Association as trustee.
03—Questions
Frequently Asked Questions
What did Skyworks issue in connection with the exchange offers?
Skyworks issued $778,096,000 aggregate principal amount of new 4.375% Senior Notes due October 15, 2029 and $646,805,000 aggregate principal amount of new 3.375% Senior Notes due April 1, 2031, in exchange for accepted Qorvo notes.
How much of the Qorvo notes remains outstanding after settlement?
Following settlement, $70,616,000 aggregate principal of the 4.375% Senior Notes due 2029 and $52,904,000 aggregate principal of the 3.375% Senior Notes due 2031 remain outstanding. The accepted Qorvo notes will be retired and canceled.
Are the new Skyworks notes secured?
No. The new notes are senior unsecured obligations of Skyworks. They are effectively subordinated to the company's secured debt to the extent of the value of the assets securing that debt, and are structurally subordinated to all obligations of Skyworks' subsidiaries because they are not obligations of those subsidiaries.
Can holders still participate in the exchange offers?
No. The exchange offers, as extended, expired at 5:00 p.m. New York City time on October 5, 2026, and are no longer open to participation by any holders of the Qorvo notes.
What are the consent solicitations and when do the amendments take effect?
Holders were asked to consent to proposed amendments to each Qorvo indenture. Qorvo entered into supplemental indentures upon receipt of the requisite consents, and the amendments became effective upon execution. Depending on the specific amendment, they became operative either on the Settlement Date or immediately prior to the closing of a transaction in which Qorvo merged with and into a Skyworks subsidiary.
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