Revolver pricing SOFR+150–200bp, initial SOFR+175bp
Company: Hut 8
The claim, verbatim
Borrowings under the facility carry a drawn margin of SOFR plus 150 to 200 basis points, depending on Hut 8's consolidated total debt-to-market-capitalization ratio. The initial margin at closing was SOFR plus 175 basis points.
Source (primary)
Hut 8 Secures $1B Revolving Credit Facility to Support AI Infrastructure Growth - theenergymag.com (-, news_article)
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Quote: “Borrowings under the facility carry a drawn margin that varies between SOFR plus 150 and 200 basis points, depending on Hut 8's consolidated total debt-to-market-capitalization ratio. At closing, the initial margin was set at SOFR plus 175 basis points”
How we checked this
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Additional evidence
confirms Hut 8 Secures $1B Revolving Credit Facility to Support AI Infrastructure Growth - theenergymag.com
Quote: “Borrowings under the facility carry a drawn margin that varies between SOFR plus 150 and 200 basis points, depending on Hut 8's consolidated total debt-to-market-capitalization ratio. At closing, the initial margin was set at SOFR plus 175 basis points”