Soluna Holdings, Inc (SLNH): debt financing — Soluna secures up to $100M credit facility from Generate Capital for green data centers

Soluna Holdings, Inc

Initial $12.6M draw to refinance Dorothy 1A and Dorothy 2 projects; unlocks equity capital.
Credit facility includes $22.9M delayed draw and $64.5M uncommitted accordion for pipeline growth.
Generate receives warrants to purchase 4M shares of common stock and a board observer right.
Facility is limited recourse, secured by project assets, with no parent company guarantees.
Maturity date for Tranche A and B loans is September 12, 2030; interest SOFR + 10.0%.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

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

Soluna Holdings, Inc incurred credit facility of up to $35.5 million with Generate Lending, LLC, as administrative agent and collateral agent; Generate Strategic Credit Master Fund I-A, L.P., as Lender at Term SOFR plus a margin of 10.0% per annum, and for ABR loans is equal to the AB maturing September 12, 2030.

Instrument: credit facility
Principal: up to $35.5 million
Counterparty: Generate Lending, LLC, as administrative agent and collateral agent; Generate Strategic Credit Master Fund I-A, L.P., as Lender
Rate: Term SOFR plus a margin of 10.0% per annum, and for ABR loans is equal to the AB
Maturity: September 12, 2030
Event: incurrence

Exact text from the filing

to enter into a Credit and Guaranty Agreement (the “Credit Agreement”) with Generate Lending, LLC, as administrative agent and collateral agent (the “Agent”), and Generate Strategic Credit Master Fund I-A, L.P. (the “Lender”). The Credit Agreement provides for senior secured term loan commitments in an aggregate principal amount of up to $35.5 million

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Soluna Holdings, Inc issued up to 2,000,000 shares of Common Stock of warrant to Generate Strategic Credit Master Fund I-B, L.P..

Security: warrant
Shares: up to 2,000,000 shares of Common Stock
Purchaser: Generate Strategic Credit Master Fund I-B, L.P.

Exact text from the filing

a pre-funded warrant (the “Pre-Funded Warrant”) to purchase up to 2,000,000 shares of common stock of the Company

View on SEC.gov

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Soluna Holdings, Inc issued up to 2,000,000 shares of Common Stock of warrant to Generate Strategic Credit Master Fund I-B, L.P..

Security: warrant
Shares: up to 2,000,000 shares of Common Stock
Purchaser: Generate Strategic Credit Master Fund I-B, L.P.

Exact text from the filing

a common warrant (the “Common Warrant” and, together with the Pre-Funded Warrant, the “Warrants”) to purchase up to 2,000,000 shares of Common Stock

View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

Soluna Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001493152-25-013614

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This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.