Revolving Credit Agreement amendment and waiver with Silvergate Bank
Company: Marathon Digital
The claim, verbatim
On November 10, 2021, Marathon Digital entered into a waiver and amendment agreement to its Revolving Credit and Security Agreement with Silvergate Bank that amends a financial covenant and waives certain indebtedness covenant requirements to provide further financial flexibility, including by permitting the incurrence of certain indebtedness.
Source (primary)
Marathon Digital 8-K filed 2021-11-15 (SEC EDGAR, sec_filing)
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Quote: “entered into a waiver and amendment agreement (the " Waiver ") to the Revolving Credit and Security Agreement (the " Credit Agreement ") between the Company and Silvergate Bank, dated as of October 1, 2021. The Waiver amends a financial covenant and waives certain requirements to the indebtedness covenant in the Credit Agreement in order to provide further financial flexibility to the Company, including by permitting the incurrence of certain indebtedness.”
How we checked this
Additional evidence
confirms Marathon Digital 8-K filed 2021-11-15
Quote: “entered into a waiver and amendment agreement (the " Waiver ") to the Revolving Credit and Security Agreement (the " Credit Agreement ") between the Company and Silvergate Bank, dated as of October 1, 2021. The Waiver amends a financial covenant and waives certain requirements to the indebtedness covenant in the Credit Agreement in order to provide further financial flexibility to the Company, including by permitting the incurrence of certain indebtedness.”