---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-254346"
form_type: "8-K"
ticker: "MCHP"
cik: "0000827054"
company_name: "MICROCHIP TECHNOLOGY INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:32:05.447462+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Microchip relaxes max total leverage ratio covenant to 4.75x for five quarters starting Dec 2024

## Summary
- Max total leverage ratio amended to 4.75:1.00 for fiscal quarters ending Dec 2024 through Dec 2025; prior covenant was 3.50:1.00.
- The 3.50:1.00 threshold still applies for incurrence tests on additional debt, investments, and restricted payments under the credit agreement.
- Amendment dated Nov 8, 2024; involves JPMorgan Chase as administrative agent and multiple lenders including Wells Fargo, BofA, BMO.
- No event of default occurred; all representations and warranties reaffirmed as of the amendment effective date.

## SEC filing metadata
- accession: 0001193125-24-254346
- form_type: 8-K
- ticker: MCHP
- cik: 0000827054
- company_name: MICROCHIP TECHNOLOGY INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827054/000119312524254346/0001193125-24-254346-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827054/000119312524254346/d909123d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-254346
- JSON: https://secwatch.observer/filing/0001193125-24-254346.json
- Plain text: https://secwatch.observer/filing/0001193125-24-254346.txt

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