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

Contract Categories: Business Finance › Credit Agreements
Summary

CTBC Bank Co., Ltd. is offering credit facilities to Super Micro Computer Taiwan, Inc. and Super Micro Computer, B.V. The agreement provides a shared revolving line of credit of up to USD 50 million, available from May 8, 2017, to April 30, 2018. The facility includes short-term loans and export loans, with specific collateral and guarantee requirements. Key terms include interest rates based on the bank’s cost of funds, repayment schedules, and collateral involving the Bade factory. Super Micro Computer Taiwan, Inc. also acts as guarantor for the facility extended to Super Micro Computer, B.V.

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EX-10.47 2 smci-ex1047_20170630x10kxa.htm EXHIBIT 10.47 Exhibit
Exhibit 10.47
PRIVATE & CONFIDENTIAL
8 May 2017
ATTENTION: SUPER MICRO COMPUTER TAIWAN, INC.

RE: The Summary of Credit Facilities
According to Super Micro's needs of debt finance, CTBC Bank CO., LTD. would like to propose the indicative bank facilities and terms below
Product Type
Proposed Line

Amount
Tenor
Proposed Rate
Notes
Short Term Loan I Guarantee
NTD700M/

NTD100M
1 Year
l1+0.25%/

5‰ annually
1.    Collateral: Bade factory
2.    Guarantee line is included in Short Term Loan.
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.    80% of invoice amount can be financed.
Total Cap
USD50M
Bargaining Rate:
l 1M COF+0.40%: repay by the end of each quarter (Mar 31, Jun 30, Sep 30, Dec 31)
l 1M COF+0.45%: Drawdown cross quarter

COF: CTBC Bank's cost of USD fund
l1: CTBC Bank's cost of NTD fund
    
Collateral:
l Bade factory: Mortgaged amount increased from NTD840M to NTD1,160M.

Terms:
l Shared revolving line of credit facility of USD50M for SUPER MICRO COMPUTER TAIWAN, INC. and SUPER MICRO COMPUTER, B.V.
l Tenor: From 8 May 2017 to 30 April 2018

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

中國信託商業銀行(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


PRIVATE & CONFIDENTIAL
8 May 2017
ATTENTION: SUPER MICRO COMPUTER, B.V.

RE: The Summary of Credit Facility

According to Super Micro's needs of debt finance, CTBC Bank CO., LTD. would like to propose the indicative bank facility and terms below

Product Type
Proposed Line

amount
Tenor
Proposed Rate
Notes
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.  80% of invoice amount can be financed.
Bargaining Rate:
l 1M COF+0.40%: repay by the end of each quarter (Mar 31, Jun 30, Sep 30, Dec 31)
l 1M COF+0.45%: Drawdown cross quarter
COF: CTBC BANK's cost of USD fund.

Guarantor:
l SUPER MICRO COMPUTER TAIWAN, INC.

Terms:
l Shared revolving line of credit facility of USD50M for SUPER MICRO COMPUTER TAIWAN, INC. and SUPER MICRO COMPUTER, B.V.
l Tenor: from 8 May 2017 to 30 April 2018

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

中國信託商業銀行(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