Other DebtActive
Fortress Senior Credit Facility
ORIO-CF
BTC Holdings
29 BTC
Total Debt
$60.84M
Leverage
2089.9%
mNAV
11.60x
Outstanding
C$48.80M
Issue date
—
Principal
C$60.00M
Coupon
—
Maturity
2029-01-02
Conversion price
—
- 0.33% fee on undrawn portion
- Interest payments due semi-monthly
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured
- Facility type
- Revolving
- Rate type
- Floating
- Rate reference
- SOFR + 700 bps
- Collateral
- General security interest in all present and after-acquired personal property; pledged loans receivable and cash
- Covenants
- Maintain prescribed level of tangible net worth
Sources(2)
- Form 20-F (FY2024)FilingForm 20-F (FY2024)Note 13 — Credit facilityOrion Digital Corp. — 2025-04-29
- Credit Facility 3-Year Ex…Press ReleaseCredit Facility 3-Year Extension with Fortress Investment GroupOrion Digital Corp. — 2025-02-28
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Draw | C$48.80M | 2025 Annual Information F… |
| 2024-12-31 | Draw | C$48.79M | Form 20-F (FY2024) |
- 2025-12-31 — C$48,800,000Risk Factors — filing — Orion Digital Corp.Source
- 2024-12-31 — C$48,792,000Note 13 — Credit facility — filing — Orion Digital Corp.Source