secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2026-07-06T21:02:13+00:00
Accession:  0000088941-26-000022
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000022/0000088941-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000008894126000022/smtc-20260706.htm
  HTML page:      https://secwatch.observer/filing/0000088941-26-000022

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