secwatch / observer
8-K filed February 28, 2024, 6:59 PM ET ticker SMCI CIK 0001375365
debt confidence high sentiment neutral materiality 0.85

Super Micro Computer, Inc. (SMCI): debt financing — Super Micro issues $1.725B zero-coupon convertible notes due 2029; net proceeds ~$1.70B

Super Micro Computer, Inc.

Key facts

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 convertible notes of $1,725,000,000 with Holders at 0.00% maturing 2029.

Instrument
convertible notes
Principal
$1,725,000,000
Counterparty
Holders
Rate
0.00%
Maturity
2029
Event
incurrence
Exact text from the filing
On February 27, 2024, Super Micro Computer, Inc. (the “ Company ,” “ we ,” “ us ” or “ our ”) completed its previously announced sale of $1.725 billion in aggregate principal amount of 0.00% Convertible Senior Notes due 2029 (the “ Convertible Notes ”), including $225.0 million in aggregate principal amount of 0.00% Convertible Senior Notes due 2029 purchased pursuant to the exercise by the initial purchasers of the Convertible Notes (the “ Initial Purchasers ”) of the option (the “ Notes Option ”) to purchase additional Convertible Notes, in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super Micro Computer, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $1.725 billion (effective 2024-02-27).

Action
entry
Agreement
notes offering
Counterparty
U.S. Bank Trust Company, National Association
Value
$1.725 billion
Effective
2024-02-27
Exact text from the filing
On February 27, 2024, Super Micro Computer, Inc. (the “ Company ,” “ we ,” “ us ” or “ our ”) completed its previously announced sale of $1.725 billion in aggregate principal amount of 0.00% Convertible Senior Notes due 2029 (the “ Convertible Notes ”), including $225.0 million in aggregate principal amount of 0.00% Convertible Senior Notes due 2029 purchased pursuant to the exercise by the initial purchasers of the Convertible Notes (the “ Initial Purchasers ”) of the option (the “ Notes Option ”) to purchase additional Convertible Notes, in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “ Securities Act ”). The Convertible Notes were issued under an indenture, dated as of February 27, 2024, (the “ Indenture ”) between the Company and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).
View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

Super Micro Computer, Inc. filing history →

Source: SEC EDGAR
accession 0001375365-24-000017
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