Super Micro Computer, Inc. (SMCI): debt financing — SMCI closes $700M 2.25% convertible notes due 2028; amends $1.64B 2029 notes to 3.50%

Super Micro Computer, Inc.

Issued $700M aggregate principal 2.25% Convertible Senior Notes due July 15, 2028; initial conversion price ~$61.06 (50% premium over $40.704 VWAP).
Amended ~$1.64B of existing 2029 notes: interest rate raised to 3.50%, new conversion price ~$83.44 (105% premium).
Proceeds used for general corporate purposes, including working capital for growth and business expansion.
Adjusted capped call transactions; new cap price ~$94.17 per share.
Potential dilution: up to ~17.2M shares from new notes and ~42.4M from amended notes at maximum conversion rates.

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 $700.0 million aggregate principal amount with U.S. Bank Trust Company, National Association at 2.25% maturing July 15, 2028.

Instrument: convertible notes
Principal: $700.0 million aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 2.25%
Maturity: July 15, 2028
Event: incurrence

Exact text from the filing

On February 20, 2025, Super Micro Computer, Inc. (the “Company”) closed its previously announced offering of $700.0 million aggregate principal amount of 2.25% Convertible Senior Notes due 2028 (the “New Convertible Notes”) pursuant to privately negotiated agreements (the “New Convertible Notes Offering”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Super Micro Computer, Inc. amended convertible notes of approximately $1.64 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 3.50%.

Instrument: convertible notes
Principal: approximately $1.64 billion aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 3.50%
Event: amendment

Exact text from the filing

a copy of which is attached as Exhibit 4.6 to this Current Report on 8-K and (iii) include a form of waiver, release and covenant not to sue executed by holders of approximately $1.64 billion aggregate principal amount (or approximately 95%) of outstanding 2029 Notes as of February 20, 2025 (collectively, the “Amendments”). The Amended Convertible Notes Indenture

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

Super Micro Computer, Inc. filing history →

Source: SEC EDGAR

accession 0001375365-25-000003

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