---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-015176"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-10-20T23:59:59+00:00"
generated_at: "2026-06-09T19:24:15.707719+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Semtech prices $250M of 4% convertible notes due 2028; reaffirms Q3 FY2024 outlook

## Summary
- $250M aggregate principal of 4.00% convertible senior notes due 2028 priced.
- Net proceeds of ~$242.5M, expected close Oct 26, 2023; to prepay term loans.
- Initial conversion price ~$20.37/share, 27.5% premium over Oct 19 close.
- Reaffirms Q3 FY2024 outlook: net sales $190M-$210M, non-GAAP diluted EPS ($0.22)-($0.09).

## SEC filing metadata
- accession: 0000950103-23-015176
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-10-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000095010323015176/0000950103-23-015176-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000095010323015176/dp201665_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-015176
- JSON: https://secwatch.observer/filing/0000950103-23-015176.json
- Plain text: https://secwatch.observer/filing/0000950103-23-015176.txt

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