Supermicro, a total IT solution provider for AI, cloud, storage and 5G/edge, entered into a definitive credit agreement providing for a senior revolving credit facility with JPMorgan Chase Bank as administrative agent, and a syndicate of lenders.
The revolving credit facility provides for aggregate commitments of $2 billion and has a maturity date of Dec. 29, 2030. Borrowings under the facility may be used for working capital, letters of credit and other general corporate purposes. The obligations under the credit agreement are secured and subject to customary representations, warranties, affirmative and negative covenants, and events of default.
“The establishment of this revolving credit facility provides Supermicro with additional financial flexibility to support our operations and growth initiatives,” Charles Liang, founder, president and CEO of Supermicro, said.
