debt
confidence high
sentiment neutral
materiality 0.60
Riot Platforms upsizes Coinbase credit facility from $100M to $200M
Riot Platforms, Inc.
- Facility increased to $200M from $100M under amended and restated credit agreement with Coinbase Credit.
- Loan matures 364 days from April 22, 2025; one-time 1% upsize fee of $1M payable on effective date.
- Availability period extended from 2 to 3 months; number of permitted borrowings increased from 3 to 4.
- Obligations secured by pledge of bitcoin, USDC, and cash held in custody at Coinbase Custody Trust.
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