---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-077604"
form_type: "8-K"
ticker: "SLAB"
cik: "0001038074"
company_name: "SILICON LABORATORIES INC."
filed_at: "2023-07-03T23:59:59+00:00"
generated_at: "2026-06-13T13:04:23.467156+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Silicon Labs amends credit agreement; extends maturity to 2028, drops leverage covenant

## Summary
- Fifth Amendment extends revolving credit facility maturity to five years from June 30, 2023.
- Interest on SOFR loans set at Adjusted Term SOFR plus 1.00%-1.75% margin based on leverage.
- Secured Leverage Ratio financial maintenance covenant eliminated.
- $400M credit facility unchanged; borrower reaffirms all obligations under credit agreement.
- Truist, Citibank, Bank of America, Comerica among lenders; Wells Fargo remains administrative agent.

## SEC filing metadata
- accession: 0001104659-23-077604
- form_type: 8-K
- ticker: SLAB
- cik: 0001038074
- company_name: SILICON LABORATORIES INC.
- filed_at: 2023-07-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/0001104659-23-077604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/tm2320321d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-077604
- JSON: https://secwatch.observer/filing/0001104659-23-077604.json
- Plain text: https://secwatch.observer/filing/0001104659-23-077604.txt

## Key facts
- Debt Financings
  SILICON LABORATORIES INC. amended revolving credit with Wells Fargo Bank, National Association at Adjusted Term SOFR rate plus an applicable margin or base rate plus an applicabl maturing five years from the closing date.
  - Instrument: revolving credit
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: Adjusted Term SOFR rate plus an applicable margin or base rate plus an applicabl
  - Maturity: five years from the closing date
  - Event: amendment
  source text: extend the maturity date of the revolving credit facility (the “Revolving Credit Facility”) to five years from the closing date, (ii) provide that (A) the Revolving Credit Facility, other than swingline loans, will bear interest at the Adjusted Term SOFR rate plus an applicable margin or, at the option of the Company, the base rate (defined as the highest of the Wells Fargo prime rate, the Federal Funds rate plus 0.50% and the Adjusted Term SOFR plus 1.00%) plus an applicable margin
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/0001104659-23-077604-index.htm
- Material Agreements
  SILICON LABORATORIES INC. amended Fifth Amendment to Credit Agreement with Wells Fargo Bank, National Association valued at Fifth Amendment to Credit Agreement (effective 2023-06-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Wells Fargo Bank, National Association
  - Value: Fifth Amendment to Credit Agreement
  - Effective: 2023-06-30
  source text: On June 30, 2023, Silicon Laboratories Inc. (the “Company”) entered into the Fifth Amendment to Credit Agreement (the “Fifth Credit Agreement Amendment”) with Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, and a syndicate of lenders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038074/000110465923077604/0001104659-23-077604-index.htm

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