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Skyworks Solutions, Inc. has signed an important new agreement.

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Skyworks issued about $1.4 billion in notes and canceled nearly matching amounts of Qorvo notes. The debt now sits with Skyworks, but the filing does not show whether the combined companies owe more overall.

SWKS · Skyworks Solutions, Inc.

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The new notes place Qorvo’s debt obligations directly on Skyworks. Skyworks canceled nearly matching amounts of Qorvo notes, and the replacement notes keep the same stated interest rates. This filing shows a change in who owes the debt, but does not show whether the combined companies owe more overall.

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