Other DebtActive
Sygnum Bank BTC-Collateralized Credit Facility
DMGI-Sygnum
0.32 CAD▼ 1.56%
BTC Holdings
389 BTC
Total Debt
C$12.98M
Leverage
31.5%
mNAV
1.62x
Outstanding
$9.40M
Issue date
2024-02-15
Principal
$19.00M
Coupon
7.80%
Maturity
—
Conversion price
—
- Indefinite term; Sygnum may terminate at any time, at which point loan is due immediately
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured (BTC-collateralized)
- Facility type
- Revolving
- Rate type
- Fixed
- Collateral
- BTC-collateralized; 295 BTC pledged and deposited with Sygnum Bank
- Covenants
- Company may be required to provide additional BTC collateral to restore security margin on the loan
- Prepayment
- DMG may repay at any time without penalty
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2024-09-30 | Draw | $9.40M US$9.4M drawn as of Sep 30, 2024 |
| 2024-02-15 | Draw | $5.60M First financing tranche of US$5.6M disbursed |
- 2024-09-30 — $9,400,000
- 2024-02-15 — $5,600,000