Super Micro Computer Inc. has announced a proposed offering of $2.0 billion in convertible senior notes due 2030. These notes are intended to be sold to qualified institutional buyers under Rule 144A of the Securities Act of 1933.

SMCI shares fell 3% on the news.

The company may also grant an option to initial purchasers to buy an additional $300 million in notes. The convertible notes will be senior, unsecured obligations, accruing interest payable semi-annually, and will mature on June 15, 2030.

Before December 17, 2029, the notes will be convertible only under specific conditions, with conversion open at any time after that date until shortly before maturity. The initial conversion rate, interest rate, and other terms will be negotiated at the time of pricing.

Super Micro plans to use part of the proceeds to fund capped call transactions, repurchase up to $200 million in common stock, and for general corporate purposes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Super Micro Computer Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250623513911) on June 23, 2025, and is solely responsible for the information contained therein.