Super Micro Computer (SMCI) has released an update.
Super Micro Computer, Inc. has amended its financial agreements to support its plan to offer $1.5 billion in convertible senior notes by 2029, targeting qualified institutional buyers. This strategic financial move, which might include an additional $225 million offering, is aimed at bolstering the company’s capital structure and comes with the possibility for investors to convert these notes into shares, subject to market conditions.
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