secwatch.observer — SEC 8-K summary
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Issuer:     Super Micro Computer, Inc. (SMCI)
CIK:        0001375365
Form:       8-K
Filed at:   2023-10-02T23:59:59+00:00
Accession:  0001375365-23-000038
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super Micro enters new $105M credit facility with CTBC Bank, replaces prior lines
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- New omnibus credit lines cap aggregate borrowings at $105M; replaces Prior CTBC Credit Lines.
- Outstanding borrowings of $40.1M under Long and Medium Loan Facility at 1.2%-1.4% interest.
- Facilities include NTD Short Term Loan/Guarantee Line (NTD1.25B), USD Short Term Loan ($40M), and Export/Import Line ($105M/$50M).
- Financial covenants include current ratio, debt service coverage, and financial debt ratio; non-compliance may reduce cap to $70M.
- Proceeds to finance accounts receivable/payable and improvements to Bade Manufacturing Facility in Taiwan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375365/000137536523000038/0001375365-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375365/000137536523000038/smci-20230928.htm
  HTML page:      https://secwatch.observer/filing/0001375365-23-000038

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