Super Micro Computer Announces $2.3 Billion Convertible Notes Offering

Details

completed the sale of $2.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 in a private placement. The Company received net proceeds of approximately $2.26 billion, which will be used to fund capped call transactions, repurchase common stock, and for general corporate purposes. The Convertible Notes, issued under an indenture, are convertible into cash, shares of the Company's Common Stock, or a combination of both at the Company's election. The notes were offered and sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

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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.