debt
confidence high
sentiment positive
materiality 0.60
Greenidge launches tender/exchange for 8.5% 2026 notes; offers 10% 2030 notes at 14.85 per 25 face
Greenidge Generation Holdings Inc.
- Offers to exchange Old Notes for New Notes at $14.85 principal amount of 10% Senior Notes due 2030 for each $25.00 principal amount of Old Notes.
- Cash tender option: $10.75 per $25 Old Note, or $12.50 if tendered by early tender date October 21, 2025; $3.6M cash limit may cause pro rata acceptance.
- Exchange Option premium ~38.5% to closing price of $10.72 as of Oct 3; Early Tender premium ~16.6%.
- Outstanding principal $38.4M of 8.5% Senior Notes due 2026; tender/exchange expires November 5, 2025.
- Accrued interest through October 31, 2025 paid in cash or added to principal of new notes.