debt
confidence high
sentiment negative
materiality 0.75
Super Micro extends financial reporting deadlines under Cathay Bank loan, adds $150M cash covenant
Super Micro Computer, Inc.
- Deadline for audited FY24 financials extended from Oct 28 to Dec 31, 2024.
- Deadline for Q1 FY25 balance sheet/income statement extended from Nov 29 to Dec 31, 2024.
- New covenant requires Super Micro to maintain at least $150M unrestricted cash at all times.