SEMTECH CORP (SMTC): debt financing — Semtech issues $250M of 4.00% convertible senior notes due 2028

SEMTECH CORP

$250M aggregate principal, 4.00% interest payable semi-annually, maturity Nov 1, 2028.
Initial conversion rate of 49.0810 shares per $1,000 (~$20.37 per share) of common stock.
Notes are senior unsecured; guaranteed by current and future wholly-owned domestic subsidiaries.
Sold via private placement to QIBs and accredited investors; no shelf registration planned.
Up to 15,644,550 shares of common stock may be issuable upon conversion at the max conversion rate.

item 1.01 item 2.03 item 3.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

SEMTECH CORP incurred convertible notes of $250 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.00% per year maturing November 1, 2028.

Instrument: convertible notes
Principal: $250 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.00% per year
Maturity: November 1, 2028
Event: incurrence

Exact text from the filing

Semtech Corporation (the “ Company ”) entered into an indenture (the “ Indenture ”) governing the terms of its $250 million aggregate principal amount of 4.00% Convertible Senior Notes due 2028

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SEMTECH CORP entered into Indenture with U.S. Bank Trust Company, National Association valued at $250 million aggregate principal amount of 4.00% Convertible Senior Notes due 2028 (effective 2023-10-26).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association
Value: $250 million aggregate principal amount of 4.00% Convertible Senior Notes due 2028
Effective: 2023-10-26

Exact text from the filing

On October 26, 2023, Semtech Corporation (the " Company ") entered into an indenture (the " Indenture ") governing the terms of its $250 million aggregate principal amount of 4.00% Convertible Senior Notes due 2028 (the " Notes ") , by and among the Company, the Subsidiary Guarantors (as defined below) and U.S. Bank Trust Company, National Association, as trustee (the " Trustee ").

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10 debt financings filed in the last 30 days. Browse all debt financings →

SEMTECH CORP filing history →

Source: SEC EDGAR

accession 0000950103-23-015416

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