QRVO Qorvo Inc

On June 11, 2020, Qorvo, Inc. (the “Company”) completed an offering of an additional $300 million aggregate principal amount of its 4.375% Senior Notes due 2029 (the “Additional Notes”). The Company previously completed the offering of $350 million principal amount of such notes on September 30, 2019 and $200 million principal amount of such notes on December 20, 2019 (together, the “Existing Notes”). The Additional Notes were sold in the United States to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.

Supplemental Indenture

The Additional Notes were issued pursuant to a second supplemental indenture, dated as of June 11, 2020 (the “Second Supplemental Indenture”), by and among the Company, the Company’s domestic subsidiaries that guarantee the Company’s obligations under its existing credit facility, as guarantors (the “Guarantors”), and MUFG Union Bank, N.A., as trustee (the “Trustee”), further supplementing that certain indenture, dated as of September 30, 2019 (the “Base Indenture” and, together with the Supplemental Indenture dated December 20, 2019 and the Second Supplemental Indenture, the “Indenture”), by and among the Company, the Guarantors and the Trustee. The Company expects to use the net proceeds of the offering of the Additional Notes for general corporate purposes.

The Additional Notes are governed by the Indenture and have the same interest payment terms and redemption terms as the Existing Notes. The Indenture contains customary events of default, including, among other things, payment default, exchange default, failure to provide certain notices thereunder and certain provisions related to bankruptcy events. The Indenture also contains customary negative covenants.

The Additional Notes have not been registered under the Securities Act, or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.

The descriptions of the Second Supplemental Indenture, the Base Indenture and the Additional Notes in this Current Report on Form 8-K (this “Report”) are a summary and are qualified in their entirety by reference to the complete text of (i) the Second Supplemental Indenture, which is filed as Exhibit 4.1 to this Report, and (ii) the Base Indenture, which is filed as Exhibit 4.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 1, 2019, each of which are incorporated herein by reference.

Registration Rights Agreement

In connection with the offering of the Additional Notes, the Company entered into a Registration Rights Agreement, dated as of June 11, 2020 (the “Registration Rights Agreement”), with the Guarantors, on the one hand, and Citigroup Global Markets Inc., as representative of the initial purchasers of the Additional Notes (the “Initial Purchasers”), on the other hand. The Registration Rights Agreement contains terms substantially identical to the registration rights agreements, dated September 30, 2019 and December 20, 2019, with respect to the Existing Notes.

The description of the Registration Rights Agreement in this Report is a summary and is qualified in its entirety by reference to the complete text of the Registration Rights Agreement, which is filed as Exhibit 4.2 to this Report and incorporated herein by reference.

The Company has various relationships with the Initial Purchasers of the Additional Notes. Certain of the Initial Purchasers and their affiliates have engaged, and may in the future engage, in investment banking, commercial banking and other financial advisory and commercial dealings with the Company and its affiliates. In addition, certain of the Initial Purchasers, or their respective affiliates, have a lending relationship with the Company. The Initial Purchasers, or their respective affiliates, have received, and may in the future receive, customary fees and expenses for those services.