Loan & DebtApr 22, 2026, 06:07 AM
HIVE Subsidiary Issues $115M 0% Exchangeable Senior Notes
AI Summary
HIVE Digital Technologies' wholly-owned subsidiary, HIVE Bermuda 2026 Ltd., issued $115 million in 0% exchangeable senior notes due 2031. The notes are fully and unconditionally guaranteed by HIVE Digital Technologies and will mature on April 15, 2031. Holders can exchange notes for cash, common shares, or a combination, at the Issuer's election, with an initial exchange price of approximately $2.57 per share.
Key Highlights
- Issued $115 million in 0% exchangeable senior notes.
- Notes mature on April 15, 2031.
- Initial exchange price is approximately $2.57 per Common Share.
- Exchangeable into cash, common shares, or a combination.