RE: The Summary of Credit Facility
EX-10.2 3 smci-ex102_20130930x10q.htm SUMMARY OF CREDIT FACILITY WITH CTBC BANK CO., LTD. SMCI-EX10.2_2013.09.30-10Q
Exhibit 10.2
Private & Confidential | Nov. 5th, 2013 |
Attention: Super Micro Computer Taiwan, Inc.
RE: The Summary of Credit Facility
According to Supermicro's needs of debt finance, CTBC Bank Co., Ltd. agrees to provide the indicative bank facilities and terms below.
Product Type | Proposed Line amount | Tenor | Proposed Rate | Notes |
Term Loan | NTD 700MM | 13 months | I1 + 0.25% | Collateral: Bade factory |
OA loan /Term loan | NTD 500MM | 13 months | NTD:I1+0.25% USD: COF+0.3% | 1. Clean loan 2. each transaction's tenor ≦ 90 days, 3. OA loan needs to provide Invoice and transportation documents once drawn down. 4. OA loan is financed 80% of Invoice amount for each transaction 5. Term loan is not greater than NTD100MM |
•I1 is defined as CTBC’s cost of New Taiwan Dollar fund.
•COF is defined as CTBC’s cost of US Dollar fund.
Collateral:
Bade factory
Term:
1. Above credit lines are totally capped to NTD 1,000MM.
2. AR thruput with us (exclude inter-company) should be at least NTD500MM annually
Tenor: 13 months from 1st Nov., 2013 to 30th Nov., 2014.
We look forward to having the opportunity to work with you to finance this important transaction. Should you have any questions on the above facilities and terms, please feel free to contact us.
Yours faithfully,
/s/ CTBC Bank Co., Ltd.
CTBC Bank Co., Ltd.
