debt
confidence high
sentiment neutral
materiality 0.60
LQR House enters $60M note purchase agreement with 6% interest, digital asset funding option
LQR House Inc.
- Aggregate principal up to $60M unsecured promissory notes, interest 6% per annum, maturity May 20, 2028.
- Funding may be in USD or certain digital assets (Bitcoin, Ether, USDC, USDT) as agreed.
- Notes rank pari passu with other unsecured unsubordinated debt; senior to subordinated debt and equity.
- Availability period for draws is two years from issuance date; minimum draw amount $1M.
- Purchasers are non-U.S. entities; no further specifics on initial draw.