Lattice Semiconductor entered into a Second Amended and Restated Credit Agreement, establishing a $1.15 billion credit facility. This new agreement consists of a $200 million revolving credit facility for general corporate purposes and a $950 million delayed draw term loan facility specifically intended to help finance the previously announced acquisition of AMI TopCo, Inc.
Key Details
- Facility Components: The agreement provides for a $200 million senior secured revolving loan and a $950 million senior secured delayed draw term loan.
- Purpose of Term Loan: Proceeds from the delayed draw term loan are designated to pay a portion of the cash consideration for the acquisition of AMI TopCo, Inc.
- Maturity & Availability: The credit facility matures on June 30, 2031. The delayed draw term loan commitment terminates if not used, with the earliest termination date being November 9, 2026. As of closing, no amounts were drawn.