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- Super Micro Computer (NASDAQ:SMCI) plans to offer $2.0 billion aggregate principal amount of convertible senior notes due 2030.
- The company also expects to grant an option to the initial purchasers to purchase up to an additional $300M of the convertible notes within a 13-day period.
- The convertible notes will accrue interest payable semi-annually in arrears and will mature on June 15, 2030, unless earlier redeemed.
- A portion of net proceeds from the offering will be used to fund the cost of entering into the capped call transactions; up to $200M of the proceeds will be used to repurchase shares of common stock from purchasers of the convertible notes concurrently with the pricing of the offering; and any remainder will be used for general corporate purposes.
- SMCI –4.06% premarket to $43.48
- Source: Press Release
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