Corsicana nonrecourse project debt
Company: Riot
The claim, verbatim
Riot plans to finance Corsicana mainly through nonrecourse project debt at an illustrative 80-90% loan-to-cost ratio, about $4.4 billion to $4.9 billion.
Source (primary)
RIOT Q3 Earnings Call Highlights $38B in AI Data Center Leases - Yahoo Finance (-, news_article)
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Quote: “plans to finance Corsicana primarily through nonrecourse project debt, with an illustrative loan-to-cost ratio of 80-90%. Under this structure, approximately $4.4 billion to $4.9 billion could come from project financing”
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Additional evidence
confirms RIOT Q3 Earnings Call Highlights $38B in AI Data Center Leases - Yahoo Finance
Quote: “plans to finance Corsicana primarily through nonrecourse project debt, with an illustrative loan-to-cost ratio of 80-90%. Under this structure, approximately $4.4 billion to $4.9 billion could come from project financing”