Super Micro Computer, Inc.
Super Micro Announces Pricing of $1.5 Billion Convertible Senior Notes Due 2029
Summary
On February 22, 2024, Super Micro Computer, Inc. announced the pricing of its offering of convertible senior notes due 2029, totaling $1.5 billion in aggregate principal amount. The Company also granted an option to initial purchasers to buy up to an additional $225 million principal amount of the Notes. The Notes will be sold to qualified institutional buyers under Rule 144A of the Securities Act. The Company plans to use the net proceeds for general corporate purposes, including funding for working capital and business expansion. A press release detailing the offering is furnished as Exhibit 99.1.
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Exhibits (1)
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About Super Micro Computer, Inc.
Super Micro Computer, Inc. is a prominent player in the field of computing and technology hardware solutions. It specializes in designing, developing, and manufacturing high-performance, high-efficiency server technology, offering a broad range of server systems, motherboards, and embedded computing systems. Its products are integral to the functioning of data centers, cloud computing environments, enterprise IT, artificial intelligence applications, and 5G infrastructure. The company's expertise in energy-efficient, green computing solutions is notable, catering to a clientele that values sustainability alongside performance. Super Micro Computer, Inc. serves a global market acknowledging the growing demand for robust computing power and connectivity solutions. It supports various industries including telecommunications, healthcare, financial services, and entertainment, adapting to diverse computational needs. Founded in 1993 and headquartered in San Jose, California, Super Micro Computer, Inc. plays a crucial role in the expansion and advancement of the computing sector. By delivering innovative products and technology, the company contributes to the scalable and efficient data processing needs that underpin modern digital advancements.
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