Short answer
SEMTECH CORP (SMTC) filed an 8-K current report with the SEC on July 6, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). New $360M revolving facility, undrawn at closing, maturing July 6, 2031.
SEMTECH CORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- New $360M revolving facility, undrawn at closing, maturing July 6, 2031
- Incremental borrowing capacity capped at greater of $332M or 100% of Consolidated EBITDA, plus unlimited capacity below 3.50x first-lien leverage
- Proceeds support working capital, refinancing, acquisitions, investments, and transaction costs
- Interest margins range from 1.25% to 2.00% over benchmark rates based on leverage
- Financial covenants include minimum 2.50x interest coverage and maximum 4.00x net leverage, rising to 4.50x after material acquisitions
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