Semtech enters $360M revolving credit facility, refinances prior debt

Filed July 6, 2026 · Period ending July 6, 2026 · ~1 min read

Key Changes

• high

  Semtech closed a new $360M revolving credit facility with SOFR-based rates from 1.25% to 2.0% margin depending on leverage, replacing its September 2022 credit agreement which was paid in full.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  The facility matures July 2031 but includes a springing maturity 91 days before the 2030 Convertible Notes mature if certain liquidity conditions aren't met, ensuring funds to address the convertible debt.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Financial covenants require minimum interest coverage of 2.50:1.00 and maximum net leverage of 4.00:1.00 (4.50:1.00 post-acquisition), tested quarterly.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →