Super Micro Computer, Inc. 8-K

What Happened

• Super Micro Computer, Inc. filed an 8-K disclosing Amendment No. 1 (dated January 26, 2026) to its Credit Agreement (originally dated December 29, 2025) with JPMorgan Chase Bank, N.A. as administrative and collateral agent.
• The Amendment makes two principal changes to the Credit Agreement: it corrects the Company’s fiscal year-end references from December 31 to June 30, and it lowers the initial Applicable Margin on loans for the immediate post‑closing period.

Key Details

• Amendment date: January 26, 2026; Credit Agreement original date: December 29, 2025; Administrative Agent: JPMorgan Chase Bank, N.A.
• Fiscal year-end references and related company representations in the Credit Agreement were changed from December 31 to June 30.
• Initial Applicable Margin reduced from Pricing Level III to Pricing Level I for the initial post‑closing period: Term Benchmark Loans lowered from 1.75% to 1.25% per annum; Base Rate Loans lowered from 0.75% to 0.25% per annum.
• The lower margin applies from immediately after the Closing Date through the third business day after delivery of the compliance certificate for the first full fiscal quarter ending after the Closing Date. Otherwise, the Credit Agreement remains in full force and effect.

Why It Matters

• For investors, the amendment directly affects the company’s borrowing costs in the near term by reducing the interest margin on loans during the initial post‑closing period, which can modestly lower interest expense while that pricing applies.
• The fiscal year‑end correction updates timing references used in the Credit Agreement and company representations; this is an administrative but material contractual change that aligns the agreement with the company’s reporting period.