Other DebtExpired
X B-3 Term Loan
SPCX-B3
$160.95▲ 19.22%
BTC Holdings
18,712 BTC
Total Debt
$29.13B
Leverage
1103.8%
mNAV
1749.30x
Outstanding
$0.00
Issue date
—
Principal
$5.97B
Coupon
9.50%
Maturity
2029-10-27
Conversion price
—
- $4,741M committed Feb 2025, upsized by $1,225M Apr 2025
- 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
- Fixed
- Collateral
- First-priority lien on substantially all assets of X and its subsidiaries
- Prepayment
- Prepayment penalties: 107.13% before Oct 27, 2026; 104.75% before Oct 27, 2027; 102.38% before Oct 27, 2028
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-02 | Repayment | $0.00 Repaid with SpaceX Bridge Loan proceeds |
| 2025-04-30 | Draw | $5.97B April 2025 $1,225M additional commitment |
| 2025-02-28 | Issuance | $4.74B February 2025; exact date not disclosed |
- 2026-03-02 — $0Note 9 — Debt (interim)
- 2025-04-30 — $5,966,000,000Note 10 — Debt
- 2025-02-28 — $4,741,000,000Note 10 — Debt