---
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"
generated_at: "2026-06-10T16:59:31.980326+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Microchip Technology establishes $2.75B commercial paper program

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827054-23-000170
- JSON: https://secwatch.observer/filing/0000827054-23-000170.json
- Plain text: https://secwatch.observer/filing/0000827054-23-000170.txt

## Key facts
- Debt Financings
  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.
  - Principal: not to exceed $2,750,000,000
  - Counterparty: four commercial paper dealers (as Dealers); a national bank (as issuing and paying agent)
  - Maturity: may not exceed 397 days from the date of issue
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm
- Material Agreements
  MICROCHIP TECHNOLOGY INC entered into Commercial Paper Program with Dealers (unnamed commercial paper dealers) valued at $2,750,000,000 (effective 2023-09-13).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Dealers (unnamed commercial paper dealers)
  - Value: $2,750,000,000
  - Effective: 2023-09-13
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm

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