Other DebtExpired
X B-1 Term Loan
SPCX-B1
$160.95▲ 19.22%
BTC Holdings
18,712 BTC
Total Debt
$29.13B
Leverage
1103.5%
mNAV
1748.74x
Outstanding
$0.00
Issue date
—
Principal
$6.71B
Coupon
—
Maturity
2029-10-27
Conversion price
—
- Entered into 2022 under the X First Lien Credit Agreement
- Repaid in full March 2, 2026 with SpaceX Bridge Loan proceeds
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior secured (first lien)
- Facility type
- Term loan
- Rate type
- Floating
- Rate reference
- Adjusted Term SOFR + 6.50%; effective 12.40% as of Dec 31, 2025
- Collateral
- First-priority lien on substantially all assets of X and its subsidiaries
- Prepayment
- Repayable at any time without premium; mandatory quarterly amortization of 0.25% of original principal from Q1 2023; excess-cash-flow sweeps
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-02 | Repayment | $0.00 Repaid with SpaceX Bridge Loan proceeds |
| 2025-12-31 | Repayment | $6.50B Quarterly amortization |
| 2024-12-31 | Repayment | $6.57B Quarterly amortization |
| 2022-10-27 | Issuance | $6.71B Entered 2022; date aligned to the Oct 27, 2022 facility closing implied by maturity anniversaries |
- 2026-03-02 — $0Note 9 — Debt (interim)
- 2025-12-31 — $6,504,000,000Note 10 — Debt
- 2024-12-31 — $6,571,000,000Note 10 — Debt
- 2022-10-27 — $6,705,000,000Note 10 — Debt