Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cipher Digital Inc. incurred senior notes of $1.4 billion with Morgan Stanley & Co. (as representative of the initial purchasers) at 7.125% per year maturing November 15, 2030.
- Instrument
- senior notes
- Principal
- $1.4 billion
- Counterparty
- Morgan Stanley & Co. (as representative of the initial purchasers)
- Rate
- 7.125% per year
- Maturity
- November 15, 2030
- Event
- incurrence
Exact text from the filing
On November 13, 2025, Cipher Compute LLC (“Cipher Compute” or the “Issuer”), a wholly-owned indirect subsidiary of Cipher Mining Inc. (“Cipher” or the “Company”), completed its previously announced private offering of 7.125% Senior Secured Notes due 2030 (the “notes”). The notes were sold under a purchase agreement, dated as of November 5, 2025, entered into by and among the Company, Cipher Barber Lake LLC (the “Guarantor”), a wholly-owned subsidiary of Cipher Compute, and Morgan Stanley & Co. as representative of the initial purchasers, for resale to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and outside the United States to non-US persons in reliance on Regulation S under the Securities Act. The aggregate principal amount of notes sold in the offering was $1.4 billion.
View on SEC.gov