Loan & DebtJun 4, 2026, 05:16 PM
Keel Infrastructure to Offer $350M Convertible Senior Notes
AI Summary
Keel Infrastructure Corp. announced its intention to offer $350 million aggregate principal amount of convertible senior notes due 2032. The notes will be fully and unconditionally guaranteed by its wholly-owned subsidiary, Bitfarms Ltd. The company also expects to grant initial purchasers an option to buy up to an additional $58 million in notes. Proceeds will be used for capped call transactions and general corporate purposes, including funding data center development projects.
Key Highlights
- Proposed offering of $350 million aggregate principal amount of convertible senior notes.
- Notes will mature on January 15, 2032.
- Bitfarms Ltd., a wholly-owned subsidiary, will guarantee the notes.
- Initial purchasers have an option to buy up to an additional $58 million in notes.
- Proceeds to fund capped call transactions and data center development projects.
Price Impact
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