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BofA Merrill Lynch Agents up to $400MM Credit Facility for Super Micro Computer

April 20, 2018, 07:14 AM
Filed Under: Technology

Super Micro Computer, Inc., a global leader in high-performance, high-efficiency server, storage technology and green computing, today announced that the Company has closed an expanded new credit facility, replacing its existing amended credit facility. The new credit facility led by Bank of America Merrill Lynch received commitments from syndicate banks for an amount in excess of $250 million for a 60% increase in borrowing capacity. In addition, the new credit facility provides a conversion opportunity to expand borrowing capacity to $400 million, after certain conditions have been met.

“As Supermicro continues its strong growth momentum, it was imperative that we increase our network of relationship banks as well as total liquidity. Our new increased credit facility of $250 million in addition to our other existing credit facility allows an upside in borrowing capacity to meet our immediate growth objectives,” said Kevin Bauer, chief financial officer. “We are pleased to enter into this new corporate credit facility, which provides flexibility for future capacity while we continue to execute on our long term growth strategy.”


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