01—Abstract
Summary
Summary of the 8-K filed January 29, 2026. Cited figures are marked; the original filing is the authoritative source.
Super Micro Computer, Inc. filed a Form 8-K reporting that on January 26, 2026 it entered into Amendment No. 1 to its Credit Agreement dated December 29, 2025, with JPMorgan Chase Bank, N.A. as administrative agent and collateral agent.
The amendment corrects references to the company's fiscal year-end from December 31 to June 30, including in the company's representations under the Credit Agreement. The amendment also lowers the initial Applicable Margin for loans made after the Closing Date, through the third Business Day after delivery of a Compliance Certificate for the first full fiscal quarter ending after the Closing Date. The margin moves from Pricing Level III (1.75%a per annum for Term Benchmark Loans and 0.75% per annum for Base Rate Loans) to Pricing Level I (1.25% and 0.25%, respectively).
Apart from these changes, the Credit Agreement remains in full force and effect. The filing is largely administrative, but the lower initial margin reduces borrowing costs under the facility for the period specified. The full amendment is filed as Exhibit 10.1.
02—Key points
Key Highlights
- Amendment No. 1 to the Credit Agreement was entered into on January 26, 2026, amending the Credit Agreement dated December 29, 2025.
- JPMorgan Chase Bank, N.A. serves as administrative agent and collateral agent under the Credit Agreement.
- The amendment corrects the fiscal year-end references in the Credit Agreement from December 31 to June 30.
- The initial Applicable Margin decreases from Pricing Level III to Pricing Level I for the period after the Closing Date.
- Term Benchmark Loan margin falls from 1.75% to 1.25% per annum; Base Rate Loan margin falls from 0.75% to 0.25% per annum.
- All other terms of the Credit Agreement remain in full force and effect.
- The full amendment is filed as Exhibit 10.1 to the 8-K.
03—Questions
Frequently Asked Questions
What changed in the Credit Agreement?
Amendment No. 1 corrected the fiscal year-end references from December 31 to June 30, and reduced the initial Applicable Margin from Pricing Level III to Pricing Level I for the period after the Closing Date.
How much lower is the interest margin under the amended terms?
For Term Benchmark Loans, the margin falls from 1.75% to 1.25% per annum. For Base Rate Loans, it falls from 0.75% to 0.25% per annum.
How long does the reduced initial margin apply?
The reduced margin applies from the Closing Date through the third Business Day after delivery of a Compliance Certificate for the first full fiscal quarter ending after the Closing Date.
Who is the lender group and agent?
The Credit Agreement is among the Company as lead borrower, additional borrowers, various financial institutions as lenders, and JPMorgan Chase Bank, N.A. as administrative agent and collateral agent.
Were any other terms of the facility changed?
The filing states that other than the modifications in the Amendment, the Credit Agreement remains in full force and effect.
04—Continue