Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Super Micro Computer, Inc. incurred credit facility of up to a combined aggregate limit of $50 million with the Taiwan affiliate of HSBC Bank at the Bank's base rate plus a fixed margin.
- Instrument
- credit facility
- Principal
- up to a combined aggregate limit of $50 million
- Counterparty
- the Taiwan affiliate of HSBC Bank
- Rate
- the Bank's base rate plus a fixed margin
- Event
- incurrence
Exact text from the filing
On February 7, 2023, Super Micro Computer Inc., Taiwan (the “Subsidiary”), a Taiwan corporation and wholly-owned subsidiary of Super Micro Computer, Inc. (the “Company”), entered into a new Facility Letter (the “New Facility Letter”) with the Taiwan affiliate of HSBC Bank (the “Bank”) which expanded the prior $30 million Facility Letter entered into with Bank on January 7, 2022. The New Facility Letter permits borrowings up to a combined aggregate limit of $50 million which may be comprised of borrowings under a New Taiwan Dollar revolving facility with a sub-limit of NTD300 million (the “NTD Revolver”) and an export/seller facility with a sub-limit of $50 million (the “Export/Seller Facility”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Super Micro Computer, Inc. entered into New Facility Letter with Taiwan affiliate of HSBC Bank valued at $50 million (effective 2023-02-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Taiwan affiliate of HSBC Bank
- Value
- $50 million
- Effective
- 2023-02-07
Exact text from the filing
Entry into a Material Definitive Agreement New Facility Letter with HSBC Bank On February 7, 2023, Super Micro Computer Inc., Taiwan (the “Subsidiary”), a Taiwan corporation and wholly-owned subsidiary of Super Micro Computer, Inc.
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