Super Micro Computer, Inc.
Super Micro Computer Secures $500M Term Loan Facility
Summary
On July 19, 2024, Super Micro Computer, Inc. entered into a $500 million term loan facility with Bank of America, N.A., as the administrative agent. The facility will provide ongoing working capital and general corporate purposes. Additionally, the company is in discussions with financial institutions for a potential senior revolving credit facility to repay the term loan and an amended loan and security agreement. The term loan matures on January 17, 2025.
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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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