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IQE

13 May 2021

Skyworks prices offering of senior notes to raise $1.5bn

Under its effective shelf registration statement filed with the US Securities and Exchange Commission (SEC), Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) has priced its underwritten public offering of senior notes to raise $1.5bn, consisting of $500m of its 0.900% senior notes due 2023, $500m of its 1.800% senior notes due 2026 and $500m of its 3.000% senior notes due 2031.

Skyworks intends to use the net proceeds of the offering, together with other sources of cash, to finance the cash consideration of $2.75bn for the acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc (announced on 22 April).

The offering is expected to close on 26 May, subject to the satisfaction of customary closing conditions.

See related items:

Skyworks acquiring Silicon Labs’ Infrastructure & Automotive business for $2.75bn

Skyworks’ quarterly revenue grows 58% to record $1.51bn

Tags: Skyworks

Visit: www.skyworksinc.com

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