debt
confidence high
sentiment neutral
materiality 0.75
CleanSpark subsidiary to offer $2.227B senior secured notes due 2031 for Sandersville data center
CLEANSPARK, INC.
- CSDC Finance I, LLC plans $2.227B aggregate principal senior secured notes due 2031 in private Rule 144A/Reg S offering.
- Proceeds to finance remaining Sandersville Facility buildout, reimburse prior equity contributions, and fund debt service reserves.
- Notes guaranteed by CSRE Properties and secured by substantially all assets plus equity interests of issuer.
- CleanSpark provides completion guarantee to fund shortfalls for timely Sandersville Facility completion.
- Offering subject to market conditions; no assurance on completion, terms, or timing.