Greensboro-based chip firm Qorvo ups offering to $350M

GREENSBORO – Semiconductor firm Qorvo announced a proposed offering of $300 million principal amount of senior notes on Wednesday then announced the notes had been priced and the amount increased to $350 million.

“The offering was upsized from a previously announced amount of $300 million. The Notes will pay interest semi-annually at a rate of 4.375%. The Notes will mature on October 15, 2029, unless earlier redeemed in accordance with their terms. Qorvo expects to close the sale of the Notes on or about September 30, 2019, subject to satisfaction of customary closing conditions,” the company said.

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.

This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.