Other DebtActive
Morgan Stanley / JPMorgan 364-Day Facility
CORZ-MSJPM
$21.10â–˛ 3.69%
BTC Holdings
613 BTC
Total Debt
$2.08B
Leverage
3604.1%
mNAV
134.73x
Outstanding
$1.00B
Issue date
2026-03-04
Principal
$1.00B
Coupon
2.50%
Maturity
2027-03-04
Conversion price
—
- Initial $500M from Morgan Stanley (Mar 4 2026), expanded by $500M from JPMorgan (Mar 18 2026)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Term loan
- Rate type
- Floating
- Rate reference
- SOFR + 250 bps, 0% floor
- Collateral
- First-priority lien on substantially all assets of the Company and its material domestic subsidiaries
- Covenants
- Customary affirmative and negative covenants restricting additional indebtedness, liens, mergers, acquisitions, dividends, and equity repurchases
- Prepayment
- Voluntary prepayment at any time with no penalty or premium; mandatory prepayment from 100% of asset sale, new debt, equity raise, casualty, and construction fee proceeds
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-18 | Draw | $1.00B Additional $500M from JPMorgan |
| 2026-03-04 | Issuance | $500.00M Initial $500M from Morgan Stanley |
- 2026-03-18 — $1,000,000,000
- 2026-03-04 — $500,000,000