Qorvo announced a proposed offering of $300 million principal amount of senior notes in a press release Wednesday morning. The notes will be unsecured obligations due in 2029.

The company plans to use the additional cash for general corporate purposes as it has in previous offerings completed this year.

Qorvo is a semiconductor company based in Greensboro, North Carolina that provides radio frequency solutions.

Its shares have risen 26 percent this year and were trading at $76.39 on Wednesday, down 33 cents.