Corsicana project debt with tenant backstop
Company: Riot
The claim, verbatim
Tenant reimbursements are expected to be funded by non-recourse project debt tied to contracted rent; if comparable market financing is unavailable, the tenant will fund those amounts directly and recover them through rent credits.
Source (primary)
Riot Platforms’ financial results spotlight a 15-year, $28B AI campus lease - Cryptonews.net (-, news_article)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Tenant reimbursements are expected to be funded by non-recourse project debt tied to contracted rent. If financing on comparable market terms is unavailable, the tenant will fund those amounts directly and recover them through rent credits.”
How we checked this
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Additional evidence
confirms Riot Platforms’ financial results spotlight a 15-year, $28B AI campus lease - Cryptonews.net
Quote: “Tenant reimbursements are expected to be funded by non-recourse project debt tied to contracted rent. If financing on comparable market terms is unavailable, the tenant will fund those amounts directly and recover them through rent credits.”