secwatch.observer — SEC 8-K summary
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Issuer:     MICROCHIP TECHNOLOGY INC (MCHP)
CIK:        0000827054
Form:       8-K
Filed at:   2023-09-15T23:59:59+00:00
Accession:  0000827054-23-000170
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Microchip Technology establishes $2.75B commercial paper program
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/0000827054-23-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/827054/000082705423000170/mchp-20230913.htm
  HTML page:      https://secwatch.observer/filing/0000827054-23-000170

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