Lattice Semiconductor enters $950 million term loan facility for AMI acquisition
Lattice Semiconductor entered a Second Amended and Restated Credit Agreement with Wells Fargo as administrative agent, providing a $200.0 million senior secured revolver and a $950.0 million senior secured delayed draw term loan. No amounts were outstanding at closing, and the term loan may be used to help pay the cash purchase price for the previously announced AMI acquisition. The facility adds debt that is secured by substantially all of the company's and guarantors' assets and must be repaid in quarterly installments after any draw.
Key points
- Revolving loan of $200.0 million, usable for working capital and general corporate purposes, with commitments and loans due June 30, 2031; no revolving loans outstanding at closing.
- Delayed draw term loan of $950.0 million for the AMI acquisition and related fees and expenses; no term loans outstanding at closing, and the commitment ends November 9, 2026 if not used earlier.
- Borrowings bear interest at SOFR plus a margin of 1.00% to 1.75%, or a base rate option, with a 0.25% per annum ticking fee on undrawn term loan commitments.
- Obligations are secured by substantially all assets and require compliance with total net leverage and interest coverage ratios tested quarterly.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 30, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.