Super Micro Computer signs $2 billion revolving credit facility with JPMorgan as agent
On December 29, 2025, Super Micro Computer entered a credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, providing a revolving credit facility of up to $2 billion for working capital and general corporate purposes. The facility matures on December 29, 2030, and includes covenants such as a maximum leverage ratio of 4.00 to 1.00, stepping down to 3.00 to 1.00, and lets lenders terminate commitments and accelerate amounts owed upon a change of control.
Key points
- Revolving credit facility of up to $2,000,000,000, with a $200,000,000 letter-of-credit sub-limit and a $150,000,000 same-day borrowing sub-limit
- Option to increase revolving commitments by up to $1,000,000,000, subject to conditions
- Matures December 29, 2030; leverage ratio must not exceed 4.00 to 1.00, then 3.50 to 1.00, then 3.00 to 1.00 by fiscal quarter
- Subsidiary guarantees and liens end if two of three rating agencies assign investment-grade ratings on or after September 30, 2026
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 02, 2026.
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