Other DebtActive
Subordinated Debentures (8-10%)
ORIO-Deb
BTC Holdings
29 BTC
Total Debt
$60.84M
Leverage
2090.6%
mNAV
11.60x
Outstanding
C$35.30M
Issue date
â
Principal
â
Coupon
â
Maturity
2029-01-02
Conversion price
â
- Coupon between 8-10% per annum
- Share count for equity settlement variable based on share price at repayment date
- Effective maturity tied to credit facility via subordination agreement
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured, subordinated to credit facility
- Settlement
- Issuer election
- Payment frequency
- Quarterly
- Rate type
- Fixed
- Collateral
- General security over assets of the Company, governed by trust deed
Sources(1)
- Form 20-F (FY2024)FilingForm 20-F (FY2024)Note 15 â DebenturesOrion Digital Corp. â 2025-04-29
Outstanding History
Outstanding history(2)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-12-31 | Draw | C$35.30M | 2025 Annual Information F⌠|
| 2024-12-31 | Repayment | C$35.26M Principal balance after quarterly amortization | Form 20-F (FY2024) |
- 2025-12-31 â C$35,300,000Risk Factors â filing â Orion Digital Corp.Source
- 2024-12-31 â C$35,257,000Note 15 â Debentures â filing â Orion Digital Corp.Source