Semtech prices upsized $575M stock offering at $63/sh; net ~$641M for debt repayment

SEMTECH CORP

Offering of 10,496,032 shares (including full underwriter option) at $63.00 per share, gross proceeds ~$575 million.
Net proceeds ~$640.7M after underwriting discounts and expenses; used to repay certain indebtedness under Credit Agreement.
Underwriters: Morgan Stanley and UBS Securities LLC; closing expected Dec 9, 2024.
Offering upsized from originally announced $400 million to $575 million.

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