Microchip borrows $750M incremental term loan for working capital and corporate purposes

MICROCHIP TECHNOLOGY INC

$750.0M borrowed in full on August 31, 2023 under First Incremental Term Loan Amendment.
Interest at base rate + 0.125%-0.50% or adjusted SOFR + 1.125%-1.50% based on credit ratings.
Proceeds to be used for working capital and general corporate purposes.
Obligations guaranteed by certain subsidiaries meeting materiality thresholds.

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