Monitor for closing of the AMI acquisition, which must occur before the delayed draw term loan commitment expires on November 9, 2026. Post-closing, watch leverage ratios and interest coverage for covenant compliance. The credit facility itself is a routine financing arrangement; the acquisition's strategic merits will determine the ultimate impact.
Price Chart
Executive Summary
Lattice Semiconductor entered into a Second Amended and Restated Credit Agreement providing a $200M revolving credit facility and a $950M delayed draw term loan facility, with proceeds from the term loan intended to fund the previously announced AMI acquisition. The facilities mature June 30, 2031, and are secured by substantially all assets. No borrowings were outstanding at closing.
Key Facts
- $200M senior secured revolving credit facility and $950M senior secured delayed draw term loan facility established on June 30, 2026.
- Delayed draw term loan proceeds to fund cash consideration for the AMI acquisition and refinance AMI's existing debt.
- Revolving facility undrawn at closing; term loan commitment expires November 9, 2026, or upon termination of the AMI acquisition agreement.
- Interest rates: base rate plus 0.00%-0.75% or SOFR plus 1.00%-1.75%, based on leverage ratio.
- Quarterly amortization of term loan starting at 1.25% of original principal, stepping up to 2.5%.
- Covenants include total net leverage ratio and interest coverage ratio, tested quarterly.
Financial Impact
Up to $950M in new debt to finance the AMI acquisition; $200M revolving facility available for general corporate purposes. No financial impact quantified in filing.
Risk Factors
- Increased leverage from $950M term loan could pressure credit metrics if acquisition synergies underperform.
- Integration risk associated with the AMI acquisition.
- Potential need for additional financing if acquisition costs exceed available debt capacity.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-022141 |
| Document: 0001437749-26-022141-index-headers.html | 0001437749-26-022141 |
| Document: 0001437749-26-022141-index.html | 0001437749-26-022141 |
| Document: 0001437749-26-022141.txt | 0001437749-26-022141 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $96.40 | awaiting T+5 | — | $96.19 (−0.22%) |
Oct 13, 2026 13d ago | S-3ASR | $115.00 $107.79 | ▼ −6.27% | ▼ −6.72% | $96.19 (−16.36%) |
Oct 13, 2026 13d ago | 8-K/A | $115.00 $107.79 | ▼ −6.27% | ▼ −6.72% | $96.19 (−16.36%) |
Aug 19, 2026 9w ago | Insider Cluster | $117.68 $119.34 | ▲ +1.41% | ▲ +1.80% | $96.19 (−18.26%) |
Jun 30, 2026 16w ago | 8-K | $146.30 $130.60 | ▼ −10.73% | ▼ −10.99% | $96.19 (−34.25%) |
Jun 12, 2026 19w ago | Institutional Cluster | $144.53 $153.72 | ▲ +6.36% | ▲ +5.69% | $96.19 (−33.45%) |
Jun 5, 2026 20w ago | Insider Cluster | $135.57 $144.53 | ▲ +6.61% | ▲ +6.04% | $96.19 (−29.05%) |
May 4, 2026 25w ago | 8-K | $122.27 $128.96 | ▲ +5.47% | ▲ +3.49% | $96.19 (−21.33%) |
Mar 18, 2026 31w ago | DEFA14A | $94.92 $94.92 | · 0.00% | ▲ +2.21% | $96.19 (+1.34%) |
Mar 9, 2026 33w ago | Insider Cluster | $90.63 $89.92 | ▼ −0.78% | ▲ +0.57% | $96.19 (+6.13%) |
US Market Status
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