Semtech Secures $360 Million Revolving Credit Facility With Morgan Stanley, Adds Incremental Term Option
Semtech entered a new secured credit agreement comprising a $360 million revolving credit facility, undrawn at closing, and an uncommitted incremental term loan option. The revolver matures on July 6, 2031, with a potential springing maturity linked to the company’s 2030 convertible notes. Proceeds…