Initial SOFR margin 1.75%
Company: Hut 8
The claim, verbatim
Borrowings bear interest at Adjusted Term SOFR plus 1.50%-2.00% or ABR plus 0.50%-1.00%, based on the consolidated total debt to market capitalization ratio; initial margins are 1.750% (SOFR) and 0.750% (ABR).
Source (primary)
Twelve lenders back a new credit line for Hut 8 Corp. (HUT). Nothing was drawn at closing. - Stock Titan (-, news_article)
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Quote: “Initially, the applicable margin will be 1.750% per annum for Term SOFR loans and 0.750% per annum for ABR loans.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Twelve lenders back a new credit line for Hut 8 Corp. (HUT). Nothing was drawn at closing. - Stock Titan
Quote: “Initially, the applicable margin will be 1.750% per annum for Term SOFR loans and 0.750% per annum for ABR loans.”