Other DebtExpired
Senior Secured Credit Facility
KNR-CF22
0.07 CAD▲ 16.67%
BTC Holdings
24 BTC
Total Debt
C$0.00
Leverage
0.0%
mNAV
1.43x
Outstanding
C$0.00
Issue date
2022-08-31
Principal
C$50.00M
Coupon
—
Maturity
—
Conversion price
—
- Combined facility: C$20M term loan + C$10M revolving + C$20M accordion
- Quarterly principal repayments of 1.25% of drawn amount on term loan
- ~C$6M drawn at closing
- Fully repaid in H1 2024
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Other
- Payment frequency
- Monthly
- Rate type
- Floating
- Rate reference
- Prime + 125-200 bps
- Collateral
- All assets (Schedule 1 bank)
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding |
|---|---|---|
| 2024-06-30 | Repayment | C$0.00 All bank debt paid off in H1 2024 following C$13.3M asset sale |
| 2022-08-31 | Draw | C$6.00M ~C$6M initially drawn on term loan |
- 2024-06-30 — C$0
- 2022-08-31 — C$6,000,000