Super Micro May Face $1.7 Billion Bond Repayment If Delisted

Super Micro Computer Inc. could face an early repayment on up to $1.725 billion of its bonds should its accounting woes result in it being booted off the Nasdaq stock exchange.

Holders of Super Micro’s $1.725 billion March 2029 convertible notes have the option of getting their money back early if the company is delisted, according to the bond’s documentation.

A delisting — seen as a real possibility after Super Micro missed an August deadline to file its annual financial report and its auditor resigned — would constitute a spectacular fall from grace for a company which is a ...