Hut 8 closes $1.07 billion senior secured revolving credit facility led by J.P. Morgan
HUT•Hut 8 closed a $1.07 billion, four-year senior secured revolving credit facility to boost parent-level liquidity. Drawn pricing starts at SOFR +175 basis points, within a range of SOFR +150 to 200 basis points.
1. Facility terms
The facility includes a $1.07 billion letter-of-credit sublimit to reduce cash collateral needs tied to development obligations. J.P. Morgan led the syndicate as administrative agent, with Citi, Goldman Sachs and Morgan Stanley as joint lead arrangers.
