---
schema_version: "secwatch.filing_event.v1"
accession: "0000827054-23-000164"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:40:58.000529+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0000827054-23-000164
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000082705423000164/0000827054-23-000164-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000082705423000164/mchp-20230831.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-23-000164
- JSON: https://secwatch.observer/filing/0000827054-23-000164.json
- Plain text: https://secwatch.observer/filing/0000827054-23-000164.txt

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