Other DebtExpired
JPMorgan ABL Credit Facility
IPW-ABL
$0.91▼ 1.08%
BTC Holdings
15.1 BTC
Total Debt
$3.69M
Leverage
138.5%
mNAV
0.99x
Outstanding
$0.00
Issue date
2021-11-12
Principal
$25.00M
Coupon
—
Maturity
—
Conversion price
—
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Revolving
- Payment frequency
- Monthly
- Rate type
- Floating
- Rate reference
- SOFR + 225-250 bps depending on utilization
- Collateral
- Asset-based: eligible credit card receivables (90%), trade accounts receivables (85%), eligible inventory
- Covenants
- Cash availability trigger: $4M or 10% of revolving commitment; cannabis sales restriction
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2025-12-07 | Repayment | $0.00 Fully repaid and facility terminated |
| 2021-11-12 | Issuance | $25.00M |
- 2025-12-07 — $0Item 1.02
- 2021-11-12 — $25,000,000