secwatch.observer — SEC 8-K summary
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Issuer:     LATTICE SEMICONDUCTOR CORP (LSCC)
CIK:        0000855658
Form:       8-K
Filed at:   2022-09-02T23:59:59+00:00
Accession:  0001437749-22-021757
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/855658/000143774922021757/0001437749-22-021757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/855658/000143774922021757/lscc20220901_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-021757

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