Lattice Semiconductor entered into a Second Amended and Restated Credit Agreement establishing a $200 million senior secured revolving facility and a $950 million senior secured delayed draw term loan. The revolver matures on June 30, 2031 and may be used for working capital and general corporate purposes. The delayed draw term loan is intended to fund a portion of the cash consideration for the AMI acquisition and related fees, and carries a 0.25% per annum ticking fee on undrawn commitments. Borrowings accrue interest at base rate plus 0.00%–0.75% or term SOFR plus 1.00%–1.75%, based on leverage.
Agreement details:
- Agreement type: Senior secured revolver and delayed draw term loan under amended and restated credit agreement
- Counterparty: Wells Fargo Bank, as administrative agent, and lenders
- Signed / Effective: Jun 30 2026 / same
- Duration / Termination: Through Jun 30 2031
- Reason: Finance AMI acquisition and enhance liquidity
Original SEC Filing:
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