secwatch / observer
8-K filed January 12, 2023, 6:59 PM ET ticker SMTC CIK 0000088941
M&A confidence high sentiment positive materiality 0.85

SEMTECH CORP (SMTC): M&A transaction — Semtech completes $1.2B acquisition of Sierra Wireless; expects immediate EPS accretion

SEMTECH CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SEMTECH CORP incurred term loan of US$895 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.

Instrument
term loan
Principal
US$895 million
Counterparty
JPMorgan Chase Bank, N.A.
Maturity
the fifth anniversary of the Effective Date
Event
incurrence
Exact text from the filing
Semtech borrowed term loans in an aggregate principal amount of US$895 million under the New Term Loan Facility
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SEMTECH CORP amended revolving credit of US$600 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.

Instrument
revolving credit
Principal
US$600 million
Counterparty
JPMorgan Chase Bank, N.A.
Maturity
the fifth anniversary of the Effective Date
Event
amendment
Exact text from the filing
extend the maturity date of US$405 million of the US$600 million in aggregate principal amount of revolving commitments thereunder from November 7, 2024 to the fifth anniversary of the Effective Date
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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SEMTECH CORP completed an acquisition involving Sierra Wireless, Inc. for US$31.00 per share (closed 2023-01-12).

Action
acquisition
Counterparty
Sierra Wireless, Inc.
Consideration
US$31.00 per share
Closing
2023-01-12
Exact text from the filing
share of Sierra Wireless that was issued and outstanding immediately prior to the Effective Time was transferred to the Purchaser in consideration for the right to receive US$31.00 per share of Sierra Wireless’ common shares (“Per Share Consideration”), in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. The cash
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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 0001193125-23-007227
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