Loan & DebtMay 28, 2026, 04:17 PM
Medalist Diversified Secures $15.8M Pledged Asset Line
AI Summary
Medalist Diversified, Inc., through its wholly-owned subsidiary OWN Digital Treasury TRS, LLC, has entered into a Pledged Asset Line Agreement with Charles Schwab & Co., Inc. This agreement establishes a revolving, non-purpose margin credit facility, allowing the company to borrow up to $15.8 million. The facility is secured by a first-priority lien on a designated brokerage account and features a variable interest rate tied to SOFR plus a margin.
Key Highlights
- Medalist Diversified's subsidiary, OWN Digital Treasury TRS, LLC, entered a Pledged Asset Line Agreement.
- The agreement is with Charles Schwab & Co., Inc. for a revolving, non-purpose margin credit facility.
- The facility is secured by a first-priority lien on a designated brokerage account.
- Medalist Diversified is permitted to borrow up to $15.8 million based on collateral as of May 21, 2026.
- Borrowings bear a variable interest rate based on SOFR plus an applicable margin.
- The agreement includes customary events of default.
Price Impact
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