secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2025-10-10T23:59:59+00:00
Accession:  0001193125-25-237190
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/0001193125-25-237190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312525237190/d98782d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-237190

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