Qorvo Concludes Senior Notes Offering Worth $350 Million
Zacks Investment Research | Sep 30, 2019 10:45PM ET
Qorvo, Inc. (NASDAQ:QRVO) recently concluded the previously announced offering of $350 million principal amount of 4.375% Senior Notes due 2029. These additional notes once placed will be an unsecured senior liability of Qorvo. Notably, interest for these additional notes will be paid semi-annually.
The notes have been offered to qualified institutional buyers under Rule 144A, which is exempted from registration requirements under the United States Securities Act of 1933. The company intends to utilize the proceeds of additional notes to address general corporate purposes. We believe that these notes will provide financial flexibility to the company and fuel long-term growth.
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