secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2023-05-12T23:59:59+00:00
Accession:  0000827054-23-000062
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Microchip repurchases $90.3M of convertible notes; retires all 2037 notes
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- Pays $19M to repurchase $5.7M principal of 1.625% 2025 Notes; ~$6.8M remains.
- Pays $56.4M to repurchase $25.9M principal of 1.625% 2027 Notes; ~$56.3M remains.
- Pays $14.9M to repurchase $6.5M principal of 2.250% 2037 Notes; entire series retired.
- Total cash outlay ~$90.3M for $38.1M aggregate principal; closings expected by May 12, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000062/0000827054-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000062/mchp-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000827054-23-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer