---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-23-015416"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:25:43.585627+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Semtech issues $250M of 4.00% convertible senior notes due 2028

## Summary
- $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.

## SEC filing metadata
- accession: 0000950103-23-015416
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/0000950103-23-015416-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/dp201833_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-23-015416
- JSON: https://secwatch.observer/filing/0000950103-23-015416.json
- Plain text: https://secwatch.observer/filing/0000950103-23-015416.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/0000950103-23-015416-index.htm
- Material Agreements
  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
  source text: 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 ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/0000950103-23-015416-index.htm

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