---
schema_version: "secwatch.filing_event.v1"
accession: "0000088941-26-000022"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2026-07-06T21:02:13+00:00"
generated_at: "2026-07-06T21:04:08.998634+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000088941-26-000022
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2026-07-06T21:02:13+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000008894126000022/0000088941-26-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000008894126000022/smtc-20260706.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000088941-26-000022
- JSON: https://secwatch.observer/filing/0000088941-26-000022.json
- Plain text: https://secwatch.observer/filing/0000088941-26-000022.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.