Hut 8 Corp. has entered into a new Credit Agreement with a syndicate of lenders led by JPMorgan Chase Bank, N.A. as administrative agent. The agreement provides the company with a senior secured revolving credit facility of up to $1.07 billion, enhancing its financial flexibility for general corporate purposes and working capital needs.
Key Details
- Facility: The agreement provides for a senior secured revolving credit facility in an aggregate principal amount of up to $1,070.0 million, which includes a $1,070.0 million letter of credit sublimit.
- Term & Purpose: The facility has a four-year term, maturing on September 24, 2030. Proceeds may be used for general corporate purposes and working capital. As of the closing date of September 24, 2026, no amounts were outstanding.
- Interest & Security: Borrowings bear interest at a variable rate, initially set at Adjusted Term SOFR plus 1.750%. The obligations are secured by a first-priority lien on substantially all assets of the Company and its guarantors.