09:50 AM EDT, 07/22/2024 (MT Newswires) -- Super Micro Computer ( SMCI ) said Monday it is in discussions with financial institutions for a potential senior revolving credit facility.

The proceeds would be used to repay and retire its term loan facility and ABL agreement, Super Micro Computer ( SMCI ) said in a filing with the Securities and Exchange Commission.

The company expects to finalize the revolving credit facility in Q1 2025 but noted there is no assurance it will secure the facility on acceptable terms or at all.

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