secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0000950103-23-015176
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000095010323015176/0000950103-23-015176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000095010323015176/dp201665_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-015176

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