Lattice Semiconductor enters $350M secured revolving credit facility; settles stockholder lawsuit for $250K

LATTICE SEMICONDUCTOR CORP

New $350M secured revolving credit facility with Wells Fargo Bank as administrative agent; $150M drawn at closing.
Facility replaced existing May 2019 credit agreement; interest at base rate or Term SOFR plus margin of 0.25%–2.00%.
Stockholder class action challenging bylaws settled for $250,000 in attorneys' fees; company amended bylaws to permit written consent.
Credit agreement includes expansion option up to $150M plus additional capacity based on consolidated secured net leverage.

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