Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Hut 8 Corp. amended credit facility of loan D facility of $15.0 million with Coinbase Credit, Inc. at federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus maturing 364 days after the date of the first borrowing.
- Instrument
- credit facility
- Principal
- loan D facility of $15.0 million
- Counterparty
- Coinbase Credit, Inc.
- Rate
- federal funds rate on the date of the applicable borrowing and (ii) 3.25%, plus
- Maturity
- 364 days after the date of the first borrowing
- Event
- amendment
Exact text from the filing
Agreement amends and restates the 2023 Credit Agreement to, among other things: (i) make available to the Borrower for drawing during the applicable period a loan D facility of $15.0 million; (ii) establish a right for Coinbase to deliver a partial repayment notice to the Borrower if the price of Bitcoin on Coinbase’s digital currency exchange platform (the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Hut 8 Corp. amended Amended and Restated Credit Agreement with Coinbase Credit, Inc. valued at $15.0 million (effective 2024-01-12).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Coinbase Credit, Inc.
- Value
- $15.0 million
- Effective
- 2024-01-12
Exact text from the filing
On January 12, 2024, Hut 8 Mining Corp. , a British Columbia corporation (the “Hut 8 Mining” or the “Borrower”), a wholly owned subsidiary of Hut 8 Corp. (the “Company”) entered into an amended and restated credit agreement (the “Amended and Restated Credit Agreement”) between Hut 8 Mining, as borrower, and Coinbase Credit, Inc. (“Coinbase”), as lender, collateral agent, and administrative agent.
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