Super Micro Computer Secures $3B Credit Facility

TL;DR

SMCI just inked a $3B credit line with BofA to fuel growth.

AI Summary

On October 28, 2024, Super Micro Computer, Inc. entered into a Material Definitive Agreement, specifically a Credit Agreement with Bank of America, N.A. as administrative agent. This agreement establishes a new $3.0 billion revolving credit facility, significantly increasing the company's borrowing capacity.

Why It Matters

This substantial increase in available credit provides Super Micro Computer with enhanced financial flexibility to support its growth initiatives and operational needs.

Risk Assessment

Risk Level: low — The filing details a standard credit agreement, which is a common and generally low-risk financial activity for a company of this size.

Key Numbers

• $3.0 billion — Revolving Credit Facility (Increases financial flexibility for growth)

Key Players & Entities

• Super Micro Computer, Inc. (company) — Registrant
• Bank of America, N.A. (company) — Administrative Agent
• $3.0 billion (dollar_amount) — Revolving Credit Facility Amount
• October 28, 2024 (date) — Date of Credit Agreement

FAQ

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value SMCI The NASDAQ Global Select
• $150 million — ring that the Company maintain at least $150 million of unrestricted cash at all times. Th

Filing Documents

• smci-20241028.htm (8-K) — 32KB
• doc51213cathaybank_3rdam.htm (EX-10.1) — 2KB
• doc51213cathaybank_3rdam001.jpg (GRAPHIC) — 191KB
• doc51213cathaybank_3rdam002.jpg (GRAPHIC) — 200KB
• doc51213cathaybank_3rdam003.jpg (GRAPHIC) — 62KB
• doc51213cathaybank_3rdam004.jpg (GRAPHIC) — 58KB
• 0001375365-24-000037.txt ( ) — 860KB
• smci-20241028.xsd (EX-101.SCH) — 2KB
• smci-20241028_lab.xml (EX-101.LAB) — 22KB
• smci-20241028_pre.xml (EX-101.PRE) — 13KB
• smci-20241028_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On October 28, 2024, Super Micro Computer, Inc. (the " Company ") entered into a Third Amendment to Loan Agreement (the " Amendment "), by and among the Company and Cathay Bank, which amends the Loan Agreement, dated as of May 19, 2022 (as amended, the " Loan Agreement "). The Amendment, among other things, (a) extends the date by which the Company is required to deliver its (i) audited financial statements for its fiscal year ending June 30, 2024 under the Loan Agreement from October 28, 2024 to December 31, 2024 and (ii) balance sheet and income statement for its fiscal quarter ending September 30, 2024 under the Loan Agreement from November 29, 2024 to December 31, 2024 and (b) adds a covenant requiring that the Company maintain at least $150 million of unrestricted cash at all times. The foregoing description of the Amendment is qualified in its entirety by the full text of such Amendment, a copy of which us filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information regarding the Amendment as set forth in Item 1.01 of this Form 8-K is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.1 Third Amendment to Loan Agreement, dated October 28, 2024, by and among the Company and Cathay Bank 104 Cover Page Interactive Data File SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SUPER MICRO COMPUTER, INC. Date: November 1, 2024 By: /s/ Charles Liang President, Chief Executive Officer and Chairman of the Board (Principal Executive Officer)

View Full Filing

View this 8-K filing on SEC EDGAR