Loan & DebtMay 22, 2026, 04:13 PM
LQR House Secures Up to $60M in Unsecured Promissory Notes
AI Summary
LQR House Inc. announced it has entered into a Note Purchase Agreement with certain non-U.S. purchasers to issue unsecured promissory notes for an aggregate principal amount of up to $60,000,000. The notes carry an interest rate of 6.0% per annum and will mature on May 20, 2028. Funding for these advances can be provided in either United States Dollars or specified Qualified Digital Assets, offering flexibility in capital acquisition.
Key Highlights
- LQR House Inc. entered into a Note Purchase Agreement for up to $60,000,000 in unsecured promissory notes.
- The notes bear interest at a rate of 6.0% per annum.
- The notes mature on May 20, 2028.
- Funding under the notes can be made in United States Dollars or certain agreed digital assets (Bitcoin, Ether, USD Coin, Tether, or other mutually agreed assets).
- The notes rank pari passu with other unsecured and unsubordinated indebtedness and senior to subordinated indebtedness and equity securities.
- The minimum draw amount for advances is $1,000,000.
Price Impact
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