Fold Holdings, Inc. (FLD): debt financing — Fold Holdings enters $45M bitcoin-backed credit facility with Two Prime; 6.5% interest

Fold Holdings, Inc.

Facility provides up to $45M revolving loans; first advance matures Oct 1, 2026.
Interest at 6.5% p.a.; collateral is bitcoin with initial 250% collateral level.
If collateral ratio falls below 175%, lender may call additional bitcoin; automatic liquidation below unspecified liquidation level.
Proceeds for working capital and general corporate purposes; non-dilutive structure.
Borrower may prepay without penalty; lender has call option only if specified in loan term sheet.

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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Fold Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-230192

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