Skyworks Solutions’ $1.5 Billion Senior Notes offering

Jones Day advised Skyworks Solutions on the deal, while Cravath represented the underwriters.

Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog semiconductors connecting people, places and things, announced that it has priced $1.5 billion in aggregate principal amount of its senior notes, consisting of $500 million in aggregate principal amount of its 0.900% Senior Notes due 2023, $500 million in aggregate principal amount of its 1.800% Senior Notes due 2026 and $500 million in aggregate principal amount of its 3.000% Senior Notes due 2031, in an underwritten public offering under its effective shelf registration statement filed with the Securities and Exchange Commission.

Skyworks intends to use the net proceeds of the offering, together with other sources of cash, to finance the cash consideration of $2.75 billion for the previously announced acquisition of the Infrastructure & Automotive business of Silicon Laboratories Inc.

J.P. Morgan Securities LLC, BofA Securities, Inc. and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering.

The Jones Day team was led by Bradley Brasser (Picture).

Cravath represented the underwriters with partner Michael E. Mariani and associate Emily C. Weiss-Cook on capital markets matters, partner Matthew Morreale on environmental matters, and partner Christopher K. Fargo and associate Duncan H. Hardell on tax matters. Ahra Cho also worked on capital markets matters.

Involved fees earner: Ahra Cho – Cravath Swaine & Moore; Duncan Hardell – Cravath Swaine & Moore; Michael Mariani – Cravath Swaine & Moore; Matthew Morreale – Cravath Swaine & Moore; Emily Weiss – Cravath Swaine & Moore; Bradley Brasser – Jones Day;

Law Firms: Cravath Swaine & Moore; Jones Day;

Clients: Bank of America Securities; Goldman Sachs & Co.; J.P. Morgan Securities LLC; Skyworks Solutions Inc;

Author: Martina Bellini