secwatch.observer — SEC 8-K summary
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Issuer:     Hut 8 Corp. (HUT)
CIK:        0001964789
Form:       8-K
Filed at:   2026-09-28T11:30:28+00:00
Accession:  0001104659-26-111154
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Hut 8 closes $1.07B four-year senior secured revolver led by JPMorgan; undrawn at closing
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- Credit Agreement dated September 24, 2026 gives Hut 8 a $1.07B senior secured revolving facility, including a $1.07B letter-of-credit sublimit; no amounts outstanding at closing.
- Pricing at Adjusted Term SOFR (0.00% floor) plus 1.50%-2.00%, or ABR plus 0.50%-1.00%; initial margins 1.750% and 0.750%, based on consolidated total debt-to-market-cap ratio.
- Minimum liquidity covenant from quarter ending March 31, 2027: 40% of aggregate commitments before the Stabilization Date, 25% after; equity cure rights included.
- Obligations guaranteed by restricted subsidiaries and secured by a first-priority lien on substantially all assets; syndicate of 12 lenders with JPMorgan as administrative and collateral agent.
- CFO Sean Glennan cites over $1B of committed non-dilutive parent-level liquidity, after $7.5B of investment-grade project financing for River Bend and Beacon Point AI data centers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1964789/000110465926111154/0001104659-26-111154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1964789/000110465926111154/tm2625691d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-111154

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