Second Amended and Restated Credit Agreement with Coinbase Credit, Inc.
Company: Riot
The claim, verbatim
Riot entered into a Second Amended and Restated Credit Agreement with Coinbase Credit, Inc. for a secured term loan facility of up to $200 million, with interest rate changed from floating to fixed, maturity extended to 364 days from the Original Maturity Date (with 364-day extension option subject to lender consent), and secured by bitcoin, USDC, and cash held in Coinbase custody.
Source (primary)
Riot 8-K filed 2026-04-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “On April 21, 2026, Riot Platforms, Inc. entered into a second amended and restated credit agreement by and between the Company, as the borrower, and Coinbase Credit, Inc., as lender, collateral agent, and administrative agent. The Second Amended and Restated Credit Agreement continues the Company's multiple draw down secured term loan facility in an aggregate principal amount of up to $200 million (the "Loan") and amends the Existing Credit Agreement, among other things, to change the rate per annum at which interest accrues on the Loan from a floating rate to a fixed rate and to extend the maturity of the Loan. The Loan matures on the date that is 364 days after the Original Maturity Date. The Company's obligations under the Second Amended and Restated Credit Agreement continue to be secured by a pledge of the Company's financial assets, including bitcoin, USDC and cash, held in the custody of Coinbase Custody Trust Company, LLC.”
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Additional evidence
confirms Riot 8-K filed 2026-04-27
Quote: “On April 21, 2026, Riot Platforms, Inc. entered into a second amended and restated credit agreement by and between the Company, as the borrower, and Coinbase Credit, Inc., as lender, collateral agent, and administrative agent. The Second Amended and Restated Credit Agreement continues the Company's multiple draw down secured term loan facility in an aggregate principal amount of up to $200 million (the "Loan") and amends the Existing Credit Agreement, among other things, to change the rate per annum at which interest accrues on the Loan from a floating rate to a fixed rate and to extend the maturity of the Loan. The Loan matures on the date that is 364 days after the Original Maturity Date. The Company's obligations under the Second Amended and Restated Credit Agreement continue to be secured by a pledge of the Company's financial assets, including bitcoin, USDC and cash, held in the custody of Coinbase Custody Trust Company, LLC.”