Super Micro subsidiary enters $30M import O/A loan with E.SUN Bank

Super Micro Computer, Inc.

Subsidiary agreed to $30M unsecured import O/A financing loan with 120-day tenor.
Interest rate based on TAIFX3 plus a fixed margin, reset monthly.
Loan replaces prior $30M facility from August 2022; effective May 16, 2023 to May 16, 2024.
Principal repayable at due date; interest payable monthly.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super Micro Computer, Inc. entered into Notification and Confirmation of Credit Conditions with E.SUN Bank valued at US$30 million (effective 2023-06-17).

Action: entry
Agreement: credit facility
Counterparty: E.SUN Bank
Value: US$30 million
Effective: 2023-06-17

Exact text from the filing

On June 17, 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 Notification and Confirmation of Credit Conditions (the “Notification and Confirmation”) with E.SUN Bank (“E.SUN Bank”). Pursuant to the Notification and Confirmation, the Subsidiary and E.SUN Bank agreed to drawdowns of up to US$30 million for an import o/a financing loan with a tenor of 120 days (the “Import O/A Loan”).

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Source: SEC EDGAR

accession 0001375365-23-000032

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