Bank of America Merrill Lynch amended its loan agreement with Super Micro Computer, a provider of end-to-end green computing solutions for data center, cloud computing, enterprise IT, hadoop/big data, HPC and embedded systems.

The amendment waives the default arising from the company having not yet filed its 2017 annual report on Form 10-K and quarterly reports on Form 10-Q for the quarters that ended September 30, 2017 and December 31, 2017, provided that no additional defaults occur. It also requires the company to refinance its obligations under the loan agreement by April 20, 2018.

Super Micro is in negotiations with Bank of America Merrill Lynch with respect to a new debt facility to refinance its current existing debt obligations. The new debt facility, to be led by Bank of America Merrill Lynch, is expected to also include other lenders and increase the company’s borrowing capacity.