Semtech issues additional $19.5M of 1.625% Convertible Notes due 2027

SEMTECH CORP

Issued $19.5M additional principal of 1.625% Convertible Senior Notes due 2027 under initial purchasers' over-allotment option.
Entered additional convertible note hedge transactions covering ~0.5M shares at initial strike ~$37.27 per share.
Sold additional warrants to acquire ~0.5M shares at initial strike ~$51.15 per share; received ~$2.6M proceeds.
Used ~$1.8M of net proceeds to pay cost of the additional convertible note hedge transactions.
Additional Notes have identical terms to the original $300M offering and same indenture.

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