secwatch.observer — SEC 8-K summary
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Issuer:     Super Micro Computer, Inc. (SMCI)
CIK:        0001375365
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001375365-24-000027
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super Micro enters $500M term loan facility due Jan 2025; discusses potential revolver refinancing
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- $500M unsecured term loan maturing Jan 17, 2025; proceeds for working capital and general corporate purposes.
- Interest at Term SOFR + 1.25% (plus 0.10% SOFR adjustment) or Base Rate + 0.25%; customary covenants include leverage ratio.
- Discussions underway for a senior revolving credit facility to replace term loan and ABL in Q1 FY2025; no assurance.
- Eighth Amendment to ABL Loan and Security Agreement executed to permit term loan borrowing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1375365/000137536524000027/0001375365-24-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1375365/000137536524000027/smci-20240719.htm
  HTML page:      https://secwatch.observer/filing/0001375365-24-000027

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