Extension for delivering audited financial statements

In parallel to the stock split, Super Micro has entered into two amendments with its lenders. The first, a Ninth Amendment to the Loan and Security Agreement, involves an extension for delivering audited financial statements for the fiscal year ending June 30, 2024, from September 28, 2024, to November 27, 2024. It also introduces a $70 million availability block to the U.S. borrowing base.

The second, Amendment No. 1 to the Term Loan Credit Agreement, similarly extends the deadline for the financial statements and requires a prepayment of $250 million of the term loans outstanding. These amendments were made in agreement with Bank of America, N.A., serving as the administrative agent for the lenders.