Super Micro subsidiary enters $50M credit facility with HSBC Bank Taiwan

Super Micro Computer, Inc.

Aggregate borrowing limit of $50M under new Facility Letter with HSBC Taiwan affiliate.
Facility comprises NTD300M revolving sub-limit and $50M export/seller sub-limit.
Interest at bank's base rate plus fixed margin; monthly interest payments, principal due on maturity.
Unsecured obligation subject to bank's right of set-off and repayment on demand.
Replaces prior Facility Letter dated February 7, 2023 on substantially identical terms.

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 New Facility Letter with Taiwan affiliate of HSBC Bank valued at $50 million (effective 2023-12-07).

Action: entry
Agreement: credit facility
Counterparty: Taiwan affiliate of HSBC Bank
Value: $50 million
Effective: 2023-12-07

Exact text from the filing

On December 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”).

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Source: SEC EDGAR

accession 0001375365-23-000050

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