{"schema_version":"secwatch.filing_event.v1","accession":"0001375365-25-000022","form_type":"8-K","ticker":"SMCI","cik":"0001375365","company_name":"Super Micro Computer, Inc.","filed_at":"2025-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.840769+00:00","generated_at":"2026-05-18T04:58:27.506549+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Super Micro enters $1.79B receivables purchase facility with MUFG, Crédit Agricole","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001375365-25-000022","json":"https://secwatch.observer/filing/0001375365-25-000022.json","markdown":"https://secwatch.observer/filing/0001375365-25-000022.md","text":"https://secwatch.observer/filing/0001375365-25-000022.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1375365/000137536525000022/0001375365-25-000022-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1375365/000137536525000022/smci-20250716.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:58:27.506549+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d06588dec70b915de9afbbb052214c81d811a027","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1375365/000137536525000022/0001375365-25-000022-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$1,790,000,000"},{"label":"Counterparty","value":"MUFG Bank, Ltd., Crédit Agricole Corporate and Investment Bank, and certain other entities"},{"label":"Rate","value":"Term SOFR plus 1.15% - 2.80%"},{"label":"Maturity","value":"terminable upon 30 days' notice or immediately upon a Termination Event"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}