SEMTECH CORP completed an acquisition involving Sierra Wireless, Inc. for US$31.00 per share (closed 2023-01-12).
“share of Sierra Wireless that was issued and outstanding immediately prior to the Effective Time was transferred to the Purchaser in consideration for the right to receive US$31.00 per share of Sierra Wireless’ common shares (“Per Share Consideration”), in an all-cash transaction representing a total enterprise value of approximately US$1.2 billion. The cash”
Debt Financings
SEMTECH CORP amended revolving credit of US$600 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.
“extend the maturity date of US$405 million of the US$600 million in aggregate principal amount of revolving commitments thereunder from November 7, 2024 to the fifth anniversary of the Effective Date”
Debt Financings
SEMTECH CORP incurred term loan of US$895 million with JPMorgan Chase Bank, N.A. maturing the fifth anniversary of the Effective Date.
“Semtech borrowed term loans in an aggregate principal amount of US$895 million under the New Term Loan Facility”
Earnings Releases
SEMTECH CORP reported the third quarter of fiscal year 2023, which ended October 30, 2022 results: revenue $177.6 million, net income $22.7 million, EPS $0.36.
“reported unaudited financial results for its third quarter of fiscal year 2023, which ended October 30, 2022. Highlights for the Third Quarter of Fiscal Year 2023 • Net sales of $177.6 million, a decrease of 15.1% sequentially and 8.9% year-over-year • Record GAAP gross margin of 65.1% and record Non-GAAP gross margin of 65.5% • GAAP and non-GAAP diluted earnings per”
Alistair W. Fulton was terminated as Senior Vice President and General Manager, Wireless and Sensing Products Group at SEMTECH CORP.
“As previously reported by Semtech Corporation (the “Company”) on a Current Report on Form 8-K filed on September 14, 2022, on September 8, 2022 the Company terminated the employment of Alistair W. Fulton.”
Alistair W. Fulton was terminated as Senior Vice President and General Manager, Wireless and Sensing Products Group at SEMTECH CORP.
“On September 8, 2022, Semtech Corporation (the “Company”) terminated the employment of Alistair W. Fulton, Senior Vice President and General Manager, Wireless and Sensing Products Group of the Company, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.