Semtech enters $360M revolving credit facility, replaces prior JPMorgan facility

SEMTECH CORP

$360M revolving credit facility, undrawn at closing on July 6, 2026.
Matures July 6, 2031, with springing maturity tied to 2030 Convertible Notes.
Interest rates: SOFR-based plus 1.25%-2.0% margin, or Base Rate plus 0.25%-1.0%.
Financial covenants: min interest coverage 2.50x, max total net leverage 4.00x (4.50x post-acquisition).
Proceeds for working capital, general corporate, refinancing existing debt.

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