BREAKING: $SMCI secures a $2.0B revolving credit facility with JPMorgan — $200M LOC + $150M same‑day…
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BREAKING: $SMCI secures a $2.0B revolving credit facility with JPMorgan — $200M LOC + $150M same‑day borrow, plus a $1.0B accordion option 🚨 $SMCI #BREAKING #SMCI #Liquidity #FinTwit
ALERT: Revolver gives SMCI major liquidity for working capital & ops but comes with first‑priority collateral and stepped leverage covenants (4.0x → 3.5x → 3.0x). Collateral releases if SMCI hits investment‑grade by 9/30/26 ✅ $SMCI #Debt #IG #Investing
Confirmed: Guaranties & first‑lien security from domestic subs apply during “Non‑IG” periods and will cease on an IG Trigger Date; facility matures 12/29/2030. No equity raise noted — liquidity, not dilution 🔍 $SMCI #Credit #CorporateDebt #SMCI
ALERT: Pricing tied to leverage/ratings (margins widen in Non‑IG), commitment fees apply; lenders can accelerate on defaults (incl. change of control) — overdue interest +2% penalty. Proceeds for working capital & general corporate use 🏦 $SMCI #Risk #Markets #FinTwit