Super Micro Computer Secures Up to $2 Billion in New Revolving Credit Facilities
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Super Micro Computer, Inc. has secured up to $2 billion in new revolving credit facilities through its subsidiary in Taiwan. The credit agreement involves several financial institutions, with CTBC Bank acting as the administrative agent. The facilities are secured by a second ranking lien on the company's property and will be used for general corporate purposes, including working capital for growth and expansion. The agreement allows for loan requests until one month before maturity and is backed by a guaranty agreement under New York law.
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