Semtech Corporation Closes $402.5 Million Private Placement of Convertible Senior Notes, Exercises Greenshoe Option
Semtech Corporation has successfully closed a private offering of $350 million in convertible senior notes due 2030, with an additional $52.5 million from the exercise of a greenshoe option. The total net proceeds are approximately $391.2 million, which will be used to exchange outstanding convertible notes and repay a term loan. The offering was made to qualified institutional buyers under Rule 144A.
Semtech Corporation has announced the successful closing of a private offering of $350 million in aggregate principal amount of 0.00% convertible senior notes due 2030, along with the full exercise of the initial purchasers’ option to buy an additional $52.5 million of the notes. The total net proceeds from the offering were approximately $391.2 million after deducting discounts and expenses. Semtech plans to use the proceeds, alongside the issuance of approximately 5.2 million shares of common stock, to exchange outstanding convertible notes due 2027 and 2028, and to repay its outstanding term loan. The 2030 notes were offered only to qualified institutional buyers under Rule 144A. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Semtech Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251010328765) on October 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
