Voyager Digital Signs Term Sheet for US$200 Million and 15,000 BTC Revolving Line of Credit with Alameda Research
The term sheet with Alameda Research provides for revolving term credit facilities each having a term expiring December 31, 2024, and having an annual interest rate of 5% payable on maturity.
- The term sheet with Alameda Research provides for revolving term credit facilities each having a term expiring December 31, 2024, and having an annual interest rate of 5% payable on maturity.
- The first credit facility is a cash/USDC-based credit facility with an aggregate principal amount of US$200 million.
- In addition to the funds available under the credit facilities, Voyager has more than US$200 million on its balance sheet.
- Voyager and Alameda are working to execute definitive documentation, which is expected to be completed in the coming days.