Semtech Corporation has established a new Credit Facility, effective July 6, 2026, which includes a $360 million revolving credit facility and an uncommitted incremental term loan facility. This new facility replaces the Third Amended and Restated Credit Agreement dated September 26, 2022. The Credit Facility's proceeds are designated for working capital, general corporate purposes, refinancing existing debt, funding transaction costs, permitted acquisitions, and other investments. The revolving credit facility has a maturity date of July 6, 2031, with a springing maturity provision tied to the company's 2030 Convertible Senior Notes. Borrowing interest rates are based on SOFR (or other regional rates) or a prime-based rate, plus an applicable margin that varies with the company's total net leverage ratio. The company's obligations under the Credit Facility are guaranteed by its domestic subsidiaries (with certain exceptions) and secured by substantially all assets of the company and the guarantors. The agreement includes financial covenants requiring a minimum interest coverage ratio of 2.50:1.00 and a maximum total net leverage ratio of 4.00:1.00 (which can increase to 4.50:1.00 after a material acquisition). Customary covenants and events of default are included, such as nonpayment, covenant defaults, cross-defaults, bankruptcy, and change of control.