{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-007227","form_type":"8-K","ticker":"SMTC","cik":"0000088941","company_name":"SEMTECH CORP","filed_at":"2023-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.423534+00:00","generated_at":"2026-06-20T16:19:47.641167+00:00","sec_items":["1.01","2.03","2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Semtech completes $1.2B acquisition of Sierra Wireless; expects immediate EPS accretion","bullets":["All-cash deal at US$31/share; total enterprise value ~$1.2B; funded with cash and $895M new term loan.","Acquisition nearly doubles Semtech's annual revenue; adds ~$100M of high-margin IoT Cloud recurring revenues.","Expects immediate accretion to non-GAAP EPS and $40M run-rate operational synergies within 12-18 months.","Sierra Wireless shares to be delisted from Nasdaq and TSX; former senior leaders join Semtech IoT groups."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-007227","json":"https://secwatch.observer/filing/0001193125-23-007227.json","markdown":"https://secwatch.observer/filing/0001193125-23-007227.md","text":"https://secwatch.observer/filing/0001193125-23-007227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88941/000119312523007227/0001193125-23-007227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88941/000119312523007227/d445992d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:19:47.641167+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"40219a8921acf7bb264b08559adfe19ed402e4ce","claim":"SEMTECH CORP incurred term loan of US$895 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.","evidence_excerpt":"Semtech borrowed term loans in an aggregate principal amount of US$895 million under the New Term Loan Facility","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/88941/000119312523007227/0001193125-23-007227-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"US$895 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"the fifth anniversary of the Effective Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"896717ddca1991b82994e53f22606074bab0903c","claim":"SEMTECH CORP amended revolving credit of US$600 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/88941/000119312523007227/0001193125-23-007227-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"US$600 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Maturity","value":"the fifth anniversary of the Effective Date"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"8d6ce83e879772b2fdb917fd6e6babaeeb60433f","claim":"SEMTECH CORP completed an acquisition involving Sierra Wireless, Inc. for US$31.00 per share (closed 2023-01-12).","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/88941/000119312523007227/0001193125-23-007227-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Sierra Wireless, Inc."},{"label":"Consideration","value":"US$31.00 per share"},{"label":"Closing","value":"2023-01-12"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}