Other DebtActive
Subordinated Debentures (8-10%)
ORIO-Deb
$0.94â–² 2.16%
BTC Holdings
29 BTC
Total Debt
$60.59M
Leverage
1729.8%
mNAV
10.54x
Outstanding
C$32.19M
Issue date
—
Principal
—
Coupon
—
Maturity
2029-01-02
Conversion price
—
- 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
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-31 | Repayment | C$32.19M Principal balance in CAD; carrying value $31,477K. $556K principal repaid in Q1. |
| 2025-12-31 | — | C$32.69M Principal balance per audited 20-F (supersedes prior 6-K interim figure of $35,300,000) |
| 2025-12-31 | Repayment | C$32.69M Principal balance |
| 2024-12-31 | Repayment | C$35.26M Principal balance after quarterly amortization |
- 2026-03-31 — C$32,194,000Note 8 — Debentures
- 2025-12-31 — C$32,685,000Item 5.B Liquidity and Capital Resources — Debentures
- 2025-12-31 — C$32,685,000Item 5 — Debentures
- 2024-12-31 — C$35,257,000Note 15 — Debentures