Super Micro Computer (SMCI) has shared an update.
Super Micro Computer, Inc. has secured a $500 million term loan to bolster its working capital and support general corporate activities. The unsecured loan, facilitated by Bank of America and other lenders, offers flexible interest rates and is coupled with covenants to maintain financial ratios and restrict certain company actions. Alongside, the company is exploring a senior revolving credit facility to potentially refinance this term loan and an existing agreement by early 2025, although this is not guaranteed.
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