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SUPER MICRO LOCKS IN $1.79B RECEIVABLES DEAL TO BOOST LIQUIDITY $SMCI secured a flexible, non-committed facility with MUFG and Crédit Agricole… giving them access to up to $1.79B in working capital at SOFR with a 1.15-2.80% discount. A move to fund growth without adding https://t.co/NJnESKrd8U
SUPER MICRO COMPUTER INC DISCLOSED IN AN SEC FILING THAT ON JULY 16 IT ENTERED INTO A RECEIVABLES PURCHASE AGREEMENT WITH A FACILITY LIMIT OF $1.79 BILLION.
$SMCI | Super Micro Enters $1.79B Receivables Purchase Agreement With MUFG And Crédit Agricole
Super Micro Computer Inc. (SMCI) announced a private offering of $2 billion in convertible senior notes due 2030, with an additional $300 million option for initial buyers. The notes will pay semi-annual interest and can be converted into stock or cash, featuring a 35% conversion premium. Proceeds from the offering will be used to fund capped call transactions aimed at reducing dilution, repurchase up to $200 million in shares, and support working capital and business expansion, particularly in AI and cloud growth strategies. The announcement led to a decline in Super Micro's stock price. The company’s move reflects a broader trend of firms tapping the convertible debt market to secure capital amid evolving growth and liquidity needs.
