Supermicro, Inc. announced it has entered into a definitive credit agreement for a senior revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and a syndicate of lenders. The facility provides for aggregate commitments of $2.0 billion and has a maturity date of December 29, 2030. Borrowings under the facility may be used for working capital, letters of credit, and other general corporate purposes.
The credit agreement is 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 its operations and growth initiatives.
