---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-237190"
form_type: "8-K"
ticker: "SMTC"
cik: "0000088941"
company_name: "SEMTECH CORP"
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:08:25.972562+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Semtech prices $402.5M of 0% convertible notes due 2030; exchanges existing notes and repays term loans

## Summary
- Issued $402.5M aggregate of 0% convertible senior notes due 2030, after full greenshoe exercise.
- Net proceeds ~$391.2M; used to exchange ~$219M of 1.625% 2027 notes and ~$61.95M of 4.00% 2028 notes, plus repay $56.3M term loans.
- Initial conversion price $101.05/share, 42.5% premium over Oct 7 close of $70.91; capped call transactions cap at $141.82.
- Notes mature Oct 15, 2030; no regular interest; redeemable after Oct 20, 2028 under stock price conditions.
- Exchanges expected to close by Oct 14, 2025; $100.5M of 2027 notes remain outstanding.

## SEC filing metadata
- accession: 0001193125-25-237190
- form_type: 8-K
- ticker: SMTC
- cik: 0000088941
- company_name: SEMTECH CORP
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/0001193125-25-237190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/d98782d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-237190
- JSON: https://secwatch.observer/filing/0001193125-25-237190.json
- Plain text: https://secwatch.observer/filing/0001193125-25-237190.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/0001193125-25-237190-index.htm
- Debt Financings
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/0001193125-25-237190-index.htm

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