Coinbase Credit facility structure: up to $200M multiple-draw secured term loan
Company: Riot
The claim, verbatim
The Second Amended and Restated Credit Agreement dated April 21, 2026 with Coinbase Credit provided a multiple draw-down secured term loan of up to $200 million, secured by Riot's bitcoin, USDC and cash held at Coinbase Custody Trust Company; first reported in a Form 8-K filed April 27, 2026.
Source (primary)
Riot Platforms Repays $200 Million Coinbase Bitcoin-Backed Credit Facility - Cryptonews.net (-, news_article)
View cached copy (2026-10-03)Live source ↗Archive.org ↗
Quote: “It provided a multiple draw-down secured term loan of up to $200 million, secured by a pledge of Riot’s financial assets, including bitcoin, $USDC and cash held in the custody of Coinbase Custody Trust Company.”
How we checked this
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Additional evidence
confirms Riot Platforms Repays $200 Million Coinbase Bitcoin-Backed Credit Facility - Cryptonews.net
Quote: “It provided a multiple draw-down secured term loan of up to $200 million, secured by a pledge of Riot’s financial assets, including bitcoin, $USDC and cash held in the custody of Coinbase Custody Trust Company.”