secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000950103-23-015416
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/0000950103-23-015416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000095010323015416/dp201833_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-23-015416

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