Assumption of Long Ridge debt backstopped by bridge loan
Company: Marathon Digital
The claim, verbatim
The transaction value includes the assumption of at least $785 million of debt, backstopped by a bridge loan.
Source (primary)
MARA to Accelerate its Digital Infrastructure Strategy with Acquisition of Long Ridge Energy & Power (“Long Ridge”) Presentation (IR page (ir.mara.com), ir_presentation)
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Quote: “Transaction value includes the assumption of at least $785 million of debt, backstopped by a bridge loan.”
How we checked this
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Additional evidence
confirms MARA to Accelerate its Digital Infrastructure Strategy with Acquisition of Long Ridge Energy & Power (“Long Ridge”) Presentation
Quote: “Transaction value includes the assumption of at least $785 million of debt, backstopped by a bridge loan.”