secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001104659-24-005229
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hut 8 subsidiary amends Coinbase credit agreement, adds $15M Loan D facility
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- New $15M Loan D facility available from Coinbase Credit; total facility up to $65M.
- Interest rate: greater of federal funds rate and 3.25% + 5.0% margin (min 8.25%).
- Prepayment trigger if Bitcoin price < $25,000 or 60% of initial price (whichever higher).
- No early termination fee if prepay within 24 hrs of deleveraging trigger or OSC requirement.
- Loan matures 364 days after first borrowing; collateralized by Bitcoin held at Coinbase Custody.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/0001104659-24-005229-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000110465924005229/tm243483d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005229

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