CleanSpark prices USD 2.28 billion senior secured notes offering due 2031
CLSK•CLSK•CLSK•CLSK•CleanSpark said it will provide a completion guarantee to fund any shortfall needed to finish the Sandersville Facility.
Proceeds are earmarked for remaining build-out costs at the Sandersville Facility, reimbursement of prior equity contributions, and debt service reserves.
The notes are guaranteed by CSRE Properties Sandersville and secured by first-priority liens on substantially all Issuer assets and related equity interests.
CleanSpark priced USD 2.28 billion of 7.875% senior secured notes due 2031 at 98.5% of par.
The offering is expected to close Sept. 25, subject to customary conditions.
