SkyWater completes $93M acquisition of Infineon's Austin 200mm fab, secures $350M credit facility

SkyWater Technology, Inc

Closed acquisition of Spansion Fab 25 LLC (Infineon 200mm fab) for ~$93M cash on June 30, 2025.
Amendment increased base purchase price by $18M and eliminated a $25M supply agreement payment.
Entered $350M revolving credit facility with Siena, BSP, GRC, Ares, maturing 2030, to refinance and fund acquisition.
Loan carries SOFR-based rates; requires $10M minimum EBITDA and liquidity of $70M after sale-leaseback.
Financial statements for acquired business to be filed by amendment no later than September 16, 2025.

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