Super Micro Computer, Inc. (SMCI): debt financing — Super Micro enters $1.79B receivables purchase facility with MUFG, Crédit Agricole

Super Micro Computer, Inc.

Uncommitted facility allows sale of accounts receivable up to $1,790,000,000.
Discount rate: Term SOFR plus 1.15%–2.80% based on account debtor.
Purchasers include MUFG Bank and Crédit Agricole Corporate and Investment Bank.
Structured as a true sale; provides liquidity without commitment fees.
Either party can terminate with 30 days' notice; immediate termination on event of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

Super Micro Computer, Inc. incurred credit facility of $1,790,000,000 with MUFG Bank, Ltd., Crédit Agricole Corporate and Investment Bank, and certain other entities at Term SOFR plus 1.15% - 2.80% maturing terminable upon 30 days' notice or immediately upon a Termination Event.

Instrument: credit facility
Principal: $1,790,000,000
Counterparty: MUFG Bank, Ltd., Crédit Agricole Corporate and Investment Bank, and certain other entities
Rate: Term SOFR plus 1.15% - 2.80%
Maturity: terminable upon 30 days' notice or immediately upon a Termination Event
Event: incurrence

Exact text from the filing

Pursuant to the Receivables Purchase Agreement, the Company may, subject to the terms and conditions set out therein, sell certain of its accounts receivable and related rights to the Purchasers (the “ Purchased Receivables ”). The Receivables Purchase Agreement provides for an uncommitted facility with an initial aggregate facility limit of $1,790,000,000.

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Super Micro Computer, Inc. filing history →

Source: SEC EDGAR

accession 0001375365-25-000022

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