Credit Facility Agreement between CTBC Bank Co., Ltd. and Super Micro Computer, Inc. Taiwan (June 2019)

Contract Categories: Business Finance › Credit Agreements
Summary

CTBC Bank Co., Ltd. has approved a credit facility for Super Micro Computer, Inc. Taiwan and Super Micro Computer B.V., providing various loan options including short-term loans, guarantees, and export loans. The total shared revolving credit line is USD 50 million, with specific terms for each loan type, including interest rates, collateral requirements, and drawdown conditions. The agreement is effective from June 26, 2019, to June 30, 2020, and is secured in part by a mortgage on the BaDe factory.

Read More Arrow
EX-10.27 2 smci-ex10272020630x10k.htm EXHIBIT 10.27 Exhibit


EXHIBIT 10.27


PRIVATE & CONFIDENTIAL

26 June 2019

ATTENTION: SUPER MICRO COMPUTER, INC. TAIWAN

RE: The Summary of Credit Facilities

According to Super Micro's needs of bank facilities, CTBC BANK CO., LTD. has approved bank facilities and terms below:

Product Type
Credit Line Amount
Tenor
Interest Rate
Notes
Short Term Loan / Guarantee
TWD700M/
TWD100M
1 Year
I1(M)+0.25%/5% p.a.
1. Collateral: BaDe factory
2. Guarantee line is included in Short Term Loan.
Short Term Loan
TWD1,500M
1 Year
Bargaining Rate
1. Clean loan
2. Loan drawdown against TW local buyer's trade documents (P/Os or Invoices).
3. Drawdown Tenor: 180 Days
4. Up to 100% of invoice amount can be financed
Export O/A Loan
USD50M
1 Year
Bargaining Rate
1. Clean loan
2. Drawdown Tenor: 120 Days
3. O/A list is required upon drawdown.
4. Up to 100% of invoice amount can be financed.
5. O/A loan drawdown could be financed via TWD. (*
Total Cap
USD50M

Bargaining Rate:
1M COF / I1 +0.30%: repay by the end of each quarter (Mar31, Jun30, Sep30, Dec31)
1M COF / I1 +0.50%: Drawdown cross quarter

COF: CTBC BANK's cost of USD fund.
I1: CTBC BANK's cost of TWD fund.
(*: If choosing TWD, TWD interest base rate will be "I1", and to plus the same margin.

Collateral: BaDe factory: Mortgaged amount TWD1,160M.



中國僖託商業銀行 (股）公 司 CTBC Bank Co., Ltd.
11568 臺北市南港區經貿二路 168 號 No.168, Jingmao 2nd Rd., Nangang Dist., Taipei City 11568, Taiwan, R.O.C
Tel: 886-2-3327-7777







Terms:



•
Shared revolving line of credit facility of USD50M for SUPER MICRO COMPUTER, INC. TAIWAN and SUPER MICRO COMPUTER B.V.

•
Tenor: From 26 June 2019 to 30 June 2020



Yours Faithfully,
For and on behalf of
CTBC BANK CO., LTD.






























中國僖託商業銀行 (股）公 司 CTBC Bank Co., Ltd.
11568 臺北市南港區經貿二路 168 號 No.168, Jingmao 2nd Rd., Nangang Dist., Taipei City 11568, Taiwan, R.O.C
Tel: 886-2-3327-7777