SEMTECH CORP (SMTC): debt financing — Semtech upsizes credit facility by $117.5M to $455M and repays $10M term loan

SEMTECH CORP

Revolving credit facility increased by $117.5M to $455M; financial covenants unchanged.
Three new lenders joined the lending group; facility partially replaces capacity that matured Nov 7, 2024.
Repaid $10M on term loan using operating cash flow in Q1 FY2026, consistent with deleveraging priority.
Facility remains undrawn except for $2.9M in outstanding letters of credit.
No other material terms of the existing credit agreement were modified.

item 1.01 item 2.03 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SEMTECH CORP amended revolving credit of $455,000,000 with JP Morgan Chase Bank, N.A. at 0.300%.

Instrument: revolving credit
Principal: $455,000,000
Counterparty: JP Morgan Chase Bank, N.A.
Rate: 0.300%
Event: amendment

Exact text from the filing

increase the total available borrowing capacity under the revolving credit facility by $117,500,000, increasing the total facility size to $455,000,000

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SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0000088941-25-000095

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