Summary of Credit Facility Agreement between Super Micro Computer Taiwan, Inc. and CTBC Bank Co., Ltd.

Contract Categories: Business Finance › Credit Agreements
Summary

Super Micro Computer Taiwan, Inc. and CTBC Bank Co., Ltd. have agreed to a credit facility totaling up to NTD 1,000 million. The facility includes a term loan and an OA loan/term loan, both with a 13-month term from November 1, 2013, to November 30, 2014. The term loan is secured by the Bade factory, while the OA loan is a clean loan with specific drawdown and documentation requirements. The agreement also requires Super Micro to maintain at least NTD 500 million in annual accounts receivable throughput with the bank.

Read More Arrow
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.