secwatch / observer
8-K filed October 10, 2025, 7:59 PM ET ticker SMTC CIK 0000088941
debt confidence high sentiment neutral materiality 0.70

SEMTECH CORP (SMTC): debt financing — Semtech prices $402.5M of 0% convertible notes due 2030; exchanges existing notes and repays term loans

SEMTECH CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SEMTECH CORP incurred convertible notes of up to an additional $52.5 million aggregate principal amount of Notes with U.S. Bank Trust Company, National Association maturing 2030.

Instrument
convertible notes
Principal
up to an additional $52.5 million aggregate principal amount of Notes
Counterparty
U.S. Bank Trust Company, National Association
Maturity
2030
Event
incurrence
Exact text from the filing
The Company also granted the Initial Purchasers (as defined below) of the Notes an option to purchase, for settlement by (and including) October 15, 2025, up to an additional $52.5 million aggregate principal amount of Notes on the same terms and conditions. The Initial Purchasers exercised their option in full on October 8, 2025, bringing the total aggregate
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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

SEMTECH CORP incurred convertible notes of $350 million in aggregate principal amount of 0% Convertible Senior Notes due 2030 with U.S. Bank Trust Company, National Association maturing 2030.

Instrument
convertible notes
Principal
$350 million in aggregate principal amount of 0% Convertible Senior Notes due 2030
Counterparty
U.S. Bank Trust Company, National Association
Maturity
2030
Event
incurrence
Exact text from the filing
On October 7, 2025, Semtech Corporation (the “Company”) priced its offering of $350 million in aggregate principal amount of 0% Convertible Senior Notes due 2030 (the “Notes”).
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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SEMTECH CORP issued common stock to certain holders of the Company’s outstanding 2027 Notes and 2028 Notes.

Security
common stock
Purchaser
certain holders of the Company’s outstanding 2027 Notes and 2028 Notes
Exact text from the filing
On October 7, 2025, the Company entered into privately-negotiated exchange agreements with certain holders of the Company’s outstanding 2027 Notes and 2028 Notes with respect to the Exchanges.
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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

SEMTECH CORP issued $402.5 million aggregate principal amount of 0% Convertible Senior Notes due 2030 of convertible note to the Initial Purchasers.

Security
convertible note
Shares
$402.5 million aggregate principal amount of 0% Convertible Senior Notes due 2030
Purchaser
the Initial Purchasers
Exact text from the filing
The Company offered and sold the Notes to the Initial Purchasers in reliance on the exemption from the registration requirements provided by Section 4(a)(2) of the Securities Act, and for resale by the Initial Purchasers to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act.
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10 debt financings filed in the last 30 days. Browse all debt financings →

SEMTECH CORP filing history →

Source: SEC EDGAR
accession 0001193125-25-237190
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