secwatch.observer — SEC 8-K summary
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Issuer:     SkyWater Technology, Inc (SKYT)
CIK:        0001819974
Form:       8-K
Filed at:   2025-07-03T23:59:59+00:00
Accession:  0001193125-25-155467
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/0001193125-25-155467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819974/000119312525155467/d90812d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-155467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer