Qorvo Inc., a radio frequency manufacturer and supplier, announced Wednesday the pricing of its offering of $350 million senior notes. This offering is upsized from $300 million, which the company announced earlier that day.
The notes will pay interest semi-annually at a rate of 4.375 percent, the press release said. The company expects to close the sale of the notes on or near Sept. 30 — and the notes will mature on Oct. 15, 2029, unless redeemed earlier.
Qorvo intends to use the net proceeds from the offering for “general corporate purposes,” according to the press release.
The notes will be senior unsecured obligations of Qorvo and will be initially guaranteed. The notes will not be registered under the Securities Act or any state securities laws.
Based in Greensboro, Qorvo was founded in 2015, following the merger of RF Micro Devices and TriQuint Semiconductor. It currently has more than 30 locations in North America, Europe and Asia.
Qorvo shares were trading at $74.43 on Friday morning. Its shares closed at $76.93 on Wednesday, up 21 cents from the previous day’s close.

