Semtech, a supplier of analog and mixed-signal semiconductors, closed a new credit agreement consisting of a senior secured term A loan facility in the amount of $150 million and a senior secured revolving credit facility in the amount of $250 million.

This new credit agreement amends and restates Semtech’s existing $400 million credit facility that was set to expire in May of 2018 and extends the maturity date to November 2021. The financial terms of the new credit agreement are similar to those contained in the prior agreement.

HSBC served as administrative agent, swing line lender and L/C issuer. HSBC Securities, Bank of the West, MUFG Union and U.S. Bank were joint lead arrangers and joint bookrunners. Bank of the West, MUFG and U.S. Bank were co-syndication agents. Compass Bank and Wells Fargo were co-documentation agents.

Emeka Chukwu, Semtech’s chief financial officer, said, “We were pleased to be able to take advantage of the current favorable market conditions to execute the new credit agreement. Under the new agreement, we were able to obtain several enhanced features which should provide additional operational flexibility.”