---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-155467"
form_type: "8-K"
ticker: "SKYT"
cik: "0001819974"
company_name: "SkyWater Technology, Inc"
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:29:12.279470+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-155467
- form_type: 8-K
- ticker: SKYT
- cik: 0001819974
- company_name: SkyWater Technology, Inc
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/d90812d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-155467
- JSON: https://secwatch.observer/filing/0001193125-25-155467.json
- Plain text: https://secwatch.observer/filing/0001193125-25-155467.txt

## Key facts
- Debt Financings
  SkyWater Technology, Inc incurred revolving credit of $350 million with Siena Lending Group LLC (as agent) at term SOFR loan rate ... plus applicable margin ranging from 5.0% to 4.0% per ann maturing June 30, 2030.
  - Instrument: revolving credit
  - Principal: $350 million
  - Counterparty: Siena Lending Group LLC (as agent)
  - Rate: term SOFR loan rate ... plus applicable margin ranging from 5.0% to 4.0% per ann
  - Maturity: June 30, 2030
  - Event: incurrence
  source text: The Loan Agreement provides for a revolving line of credit of up to $350 million with scheduled maturity date of June 30, 2030.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm
- M&A Transactions
  SkyWater Technology, Inc completed an acquisition involving Spansion LLC for approximately $93 million (closed 2025-06-30).
  - Action: acquisition
  - Counterparty: Spansion LLC
  - Consideration: approximately $93 million
  - Closing: 2025-06-30
  source text: the Transaction in accordance with the terms and conditions of Purchase Agreement, as amended by the Amendment. The purchase price for the Transaction was approximately $93 million, all of which was paid in cash at the closing of the Transaction, comprised of a base purchase price of $73 million plus a payment for working capital of approximately $20
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm

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