Lattice Semiconductor (NASDAQ:LSCC) strengthened its balance sheet with a Wells Fargo credit package — a $200M revolver and $950M delayed‑draw term loan to fund the AMI buy — after reporting Q1 revenue of $170.9M (+42.2% YoY) and EPS beats that lifted shares about 10%.
Previous Week Recap
- Lattice Secures Revised Credit Package: Lattice Semiconductor (LSCC) secured a revised credit package with Wells Fargo: a $200M revolver and $950M delayed‑draw term loan to fund the AMI acquisition, with maturity and fee terms set.
- Lattice Q1 Revenue Beats: Lattice Semiconductor (LSCC) Q1 revenue $170.9M, +42.2% YoY; EPS beat; inventory improved. Shares rose ~10% to about $138.07 after results.
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