debt
confidence high
sentiment neutral
materiality 0.70
CleanSpark prices $2.276B of 7.875% senior secured notes due 2031 at 98.5%
CLEANSPARK, INC.
- Issuer CSDC Finance I priced $2.276B aggregate principal of 7.875% notes due 2031 at 98.500% of par; close expected Sept 25, 2026.
- Proceeds to fund Sandersville data center buildout, reimburse prior CleanSpark equity contributions, and fund debt service reserves.
- Notes fully guaranteed by CSRE Properties Sandersville and secured by first-priority liens on issuer assets and equity interests of issuer held by CSDC Holdings I.
- CleanSpark provides completion guarantee for Sandersville Facility if note proceeds insufficient.
- Notes sold only to QIBs under Rule 144A and non-U.S. persons under Regulation S; not registered.