Hut 8 closes $1.07 billion senior secured revolving credit facility led by J.P. Morgan
Bitget2026/09/28 10:32- Hut 8 closed a USD 1.07 billion four-year senior secured revolving credit facility to boost parent-level liquidity.
- Drawn pricing ranges from SOFR +150 to 200 basis points, set initially at SOFR +175 basis points.
- Facility includes a USD 1.07 billion letter-of-credit sublimit to reduce cash collateral needs tied to development obligations.
- J.P. Morgan led the syndicate as administrative agent, with Citi, Goldman Sachs, Morgan Stanley as joint lead arrangers.
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