AI English summary of an SEC filing — figures as filed
Supermicro SMCIOn June 14, 2024, Super Micro Computer entered into a Master Colocation Services Agreement (MCSA) with 4701 Santa Fe, LLC to lease data center space owned by the supplier. The MCSA is a master agreement with general terms and conditions, and each data center space will be documented under an individual service order.
Key points
AI summaryOn June 14, 2024, Super Micro Computer entered into a Master Colocation Services Agreement (MCSA) with 4701 Santa Fe, LLC to lease data center space owned by the supplier. The MCSA is a master agreement with general terms and conditions, and each data center space will be documented under an individual service order.
The company agreed to lease 21 MW of a multi-tenanted facility in Vernon, California, for 10 years under Service Order MCSA-001. The company said its total financial obligation for the term of the service order is estimated at $600.0 million, including monthly recurring charges, power charges and other anticipated costs.
The company entered into a Sublicense with Lambda, Inc. to sublicense all of its rights and obligations for the data center space. Lambda will pay the company the monthly recurring charges under the service order plus an additional monthly charge, and will pay all other charges directly to the supplier.
The company said the payments it owes under the service order could be accelerated by the supplier if there is a default under the MCSA or the service order and the supplier exercises its remedies. Upon such acceleration, the company has the right to seek reimbursement of the accelerated payments from Lambda under the terms of the Sublicense.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
4701 Santa Fe Enters Master Colocation Services Agreement
On June 14, 2024, Super Micro Computer entered into a Master Colocation Services Agreement (MCSA) with 4701 Santa Fe, LLC to lease data center space owned by the supplier. The MCSA is a master agreement with general terms and conditions, and each data center space will be documented under an individual service order.
Source · Based on the filing body and exhibits
Vernon Data Center Lease of 21 MW for 10 Years
The company agreed to lease 21 MW of a multi-tenanted facility in Vernon, California, for 10 years under Service Order MCSA-001. The company said its total financial obligation for the term of the service order is estimated at $600.0 million, including monthly recurring charges, power charges and other anticipated costs.
Source · Based on the filing body and exhibits
Sublicense Structure With Lambda, Inc.
The company entered into a Sublicense with Lambda, Inc. to sublicense all of its rights and obligations for the data center space. Lambda will pay the company the monthly recurring charges under the service order plus an additional monthly charge, and will pay all other charges directly to the supplier.
Source · Based on the filing body and exhibits
Payment Acceleration and Reimbursement Right on Default
The company said the payments it owes under the service order could be accelerated by the supplier if there is a default under the MCSA or the service order and the supplier exercises its remedies. Upon such acceleration, the company has the right to seek reimbursement of the accelerated payments from Lambda under the terms of the Sublicense.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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