{"schema_version":"secwatch.filing_event.v1","accession":"0000827054-23-000170","form_type":"8-K","ticker":"MCHP","cik":"0000827054","company_name":"MICROCHIP TECHNOLOGY INC","filed_at":"2023-09-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.744044+00:00","generated_at":"2026-06-10T16:59:31.980326+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Microchip Technology establishes $2.75B commercial paper program","bullets":["Program allows issuance of unsecured notes up to $2.75B aggregate principal.","Notes mature ≤397 days, sold under Section 4(a)(2) exemption from registration.","Guaranteed by subsidiaries: Atmel, Microchip Holding, Microchip Technology LLC, Silicon Storage, Microsemi, Microsemi Storage.","Net proceeds for general corporate purposes; credit facility serves as liquidity backstop.","Four commercial paper dealers appointed; form of Dealer Agreement filed as Exhibit 10.1."],"urls":{"canonical":"https://secwatch.observer/filing/0000827054-23-000170","json":"https://secwatch.observer/filing/0000827054-23-000170.json","markdown":"https://secwatch.observer/filing/0000827054-23-000170.md","text":"https://secwatch.observer/filing/0000827054-23-000170.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/mchp-20230913.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T16:59:31.980326+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"893ef42c216f90cbaba30877e82c6ac834f585bb","claim":"MICROCHIP TECHNOLOGY INC incurred debt of not to exceed $2,750,000,000 with four commercial paper dealers (as Dealers); a national bank (as issuing and paying agent) maturing may not exceed 397 days from the date of issue.","evidence_excerpt":"may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $2,750,000,000. The Company’s obligations with respect to the payment of the Notes are fully and unconditionally guaranteed by certain of its subsidiaries (the “Guarantors”), and the initial","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"not to exceed $2,750,000,000"},{"label":"Counterparty","value":"four commercial paper dealers (as Dealers); a national bank (as issuing and paying agent)"},{"label":"Maturity","value":"may not exceed 397 days from the date of issue"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3394bb69cad710cc42fa79fa69edbf7faef49712","claim":"MICROCHIP TECHNOLOGY INC entered into Commercial Paper Program with Dealers (unnamed commercial paper dealers) valued at $2,750,000,000 (effective 2023-09-13).","evidence_excerpt":"On September 13, 2023 (the \"Effective Date\"), Microchip Technology Incorporated (the \"Company\") entered into a commercial paper program (the \"Program\"), under which the Company may issue unsecured commercial paper notes (the \"Notes\") pursuant to an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the \"Securities Act\"). Amounts available under the Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate face or principal amount of the Notes outstanding under the Program at any time not to exceed $2,750,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Dealers (unnamed commercial paper dealers)"},{"label":"Value","value":"$2,750,000,000"},{"label":"Effective","value":"2023-09-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}