Fold Holdings, Inc. (FLD): debt financing — Fold Holdings secures up to $45M bitcoin-backed revolving credit facility at 6.5% from Two Prime

Fold Holdings, Inc.

Revolving facility with aggregate principal up to $45M; first $45M advance matures Oct 1, 2026.
Interest at 6.5% per annum on 360-day basis; no minimum loan amount; prepayable without penalty.
Collateralized by bitcoin at 250% initial level; margin call at 175%; automatic liquidation trigger below threshold.
Lender Two Prime has first-priority security interest but no rehypothecation; custodian BitGo Trust Company.
Proceeds for working capital and general corporate purposes; non-dilutive capital preserving bitcoin treasury optionality.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Fold Holdings, Inc. incurred revolving credit of up to $45,000,000 with Two Prime Lending Limited at 6.5% per annum maturing October 1, 2026.

Instrument: revolving credit
Principal: up to $45,000,000
Counterparty: Two Prime Lending Limited
Rate: 6.5% per annum
Maturity: October 1, 2026
Event: incurrence

Exact text from the filing

forth in individually executed loan term sheets (each, a “Loan Term Sheet”). Facility and economics: The Facility provides for loans in an aggregate principal amount of up to $45,000,000, with no minimum loan amount required. Any amounts borrowed under this Facility bear interest at a rate of 6.5% per annum, accruing daily on a 360‐day year basis and payable in

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Source: SEC EDGAR

accession 0001193125-25-226833

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