debt
confidence high
sentiment neutral
materiality 0.60
Riot Platforms prepays $200M Coinbase Credit loan, terminates credit agreement
Riot Platforms, Inc.
- Riot Platforms fully prepaid all outstanding principal under its Second Amended and Restated Credit Agreement with Coinbase Credit, Inc. on September 21, 2026.
- The facility provided up to $200 million in secured term loans, collateralized by Riot's bitcoin, USDC, and cash held at Coinbase Custody Trust Company, LLC.
- No early termination fees or penalties were incurred because the prepayment occurred after the four-month anniversary of the Original Maturity Date, making the Day Count Fraction zero.
- All obligations were satisfied and discharged, the Credit Agreement terminated, and security interests granted to the lender were released.