SEMTECH CORP

$360m committed across 1 active facility, next covenant test Sep 30, 2026. SMTC

Semiconductors & Related Devices

Recent changes

  1. Jul 6, 2026SEMTECH CORP signs $360m Credit Agreement, matures Jul 2031SEC ↗
Tested quarterlyHeadroom not yet measured4.00x
Maintain a Consolidated Total Net Leverage Ratio, as determined as of the last day of each full Fiscal Period ended on or after the Closing Date, of greater than 4.00:1.00 for the applicable Fiscal Period; provided that in the case of any Material Acquisition ... such ratio shall be increased to 4.50:1.00 for the end of the succeeding four Fiscal Periods
Read the filing on sec.gov ↗
Tested quarterlyHeadroom not yet measured2.50x
Maintain a Consolidated Interest Coverage Ratio, as determined as of the last day of each Fiscal Period, of less than 2.50:1.00 for the applicable Fiscal Period.
Read the filing on sec.gov ↗

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Credit Agreement

Date not stated

Committed
$360m
Matures
Jul 2031
Agent
Morgan Stanley Senior Funding, Inc.
TrancheSizeMaturesMargin
Revolving Credit Facility$360mJul 2031125–200 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

LevelConditionMarginUnused fee
Level IEqual to or less than 1.00:1.00125 bps20 bps
Level IIGreater than 1.00:1.00 and equal to or less than 1.50:1.00150 bps20 bps
Level IIIGreater than 1.50:1.00 and equal to or less than 3.50:1.00175 bps25 bps
Level IVGreater than 3.50:1.00200 bps30 bps

Lenders: Morgan Stanley Senior Funding, Inc., UBS Securities LLC, BMO Bank N.A., HSBC Bank USA, National Association, U.S. Bank National Association, Wells Fargo Securities, LLC, Barclays Bank PLC, JPMorgan Chase Bank, N.A., Royal Bank of Canada, Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, the institutional lenders party hereto and named as “Lenders” herein

No amendments on file yet.

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