CleanSpark plans USD 2.23 billion senior secured notes offering due 2031
CLSK•Proposed notes offering and use of proceeds
CleanSpark announced a proposed private offering of USD 2.23 billion senior secured notes due 2031.
Proceeds are earmarked for remaining build-out costs of the Sandersville Facility, reimbursement of prior equity contributions, and debt service reserves.
The notes are to be secured by first-priority liens on substantially all assets of the issuer unit, excluding certain property. CleanSpark said it will provide a completion guarantee to fund the project if note proceeds fall short.
The offering remains subject to market conditions.
