Credit Facility Agreement between CTBC Bank Co., Ltd. and Super Micro Computer, Inc. Taiwan (June 2019)
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Summary
CTBC Bank Co., Ltd. has approved a shared revolving credit facility for Super Micro Computer, Inc. Taiwan and Super Micro Computer B.V., effective from June 26, 2019 to June 30, 2020. The agreement provides various loan options, including short-term loans and export loans, with a total credit line of up to USD 50 million and TWD 2.3 billion. Key terms include specific interest rates, collateral requirements, and drawdown conditions. The BaDe factory serves as collateral for certain loans, and the facility is subject to the bank's standard terms.
EX-10.27 2 smci-ex1027_2021630x10k.htm EX-10.27 Document
COF: CTBC BANK's cost of USD fund.
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
