Loan & DebtApr 27, 2026, 04:13 PM
RIOT $200M Second Amended & Restated Credit Agreement with Coinbase
AI Summary
Riot Platforms, Inc. has entered into a $200,000,000 Second Amended and Restated Credit Agreement with Coinbase Credit, Inc. This agreement, dated April 21, 2026, amends and restates a previous credit agreement from April 22, 2025. The loan is collateralized by Bitcoin (BTC) and features a fixed interest rate, with specific LTV ratios and maturity dates outlined.
Key Highlights
- Riot Platforms entered into a $200,000,000 Second Amended and Restated Credit Agreement.
- Coinbase Credit, Inc. serves as the Lender, Collateral Agent, and Administrative Agent.
- The agreement amends and restates an existing credit agreement dated April 22, 2025.
- The loan is collateralized by Bitcoin (BTC).
- The Original Maturity Date is April 21, 2026, with a Final Maturity Date 364 days thereafter.
- The Fixed Rate is [***]% per annum, increasing to [***]% during a Second Deleveraging Trigger Period.