secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0000950103-23-003167
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech amends credit agreement to ease leverage and interest coverage covenants
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- Increased maximum consolidated leverage ratio for certain test periods.
- Reduced minimum consolidated interest coverage ratio for certain test periods.
- Increased interest rate margin during the covenant relief period.
- Consent fee of 0.125% of commitments and outstanding term loans paid to consenting lenders.
- Amendment effective February 24, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000095010323003167/0000950103-23-003167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000095010323003167/dp189444_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-003167

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