Other DebtExpired
X Second Lien Bridge Credit Facility
SPCX-XBR2
$160.95▲ 19.22%
BTC Holdings
18,712 BTC
Total Debt
$29.13B
Leverage
1104.0%
mNAV
1749.62x
Outstanding
$0.00
Issue date
2022-10-27
Principal
$3.00B
Coupon
—
Maturity
2030-10-27
Conversion price
—
- Twitter acquisition bridge financing
- Repaid in full April 2025 ($1,775M Feb + $1,225M Apr)
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Secured (second lien)
- Facility type
- Term loan
- Rate type
- Floating
- Rate reference
- Adjusted Term SOFR + 10.00% with 0.50% quarterly step-ups, capped at 13.00%
Outstanding History
Outstanding history(4)
| As of | Event | Outstanding |
|---|---|---|
| 2025-04-30 | Repayment | $0.00 |
| 2025-02-28 | Repayment | $1.23B After February $1,775M principal payment |
| 2024-12-31 | Draw | $3.00B $1,775M + $1,225M repaid Feb/Apr 2025 |
| 2022-10-27 | Issuance | $3.00B |
- 2025-04-30 — $0Note 10 — Debt
- 2025-02-28 — $1,225,000,000Note 10 — Debt
- 2024-12-31 — $3,000,000,000Note 10 — Debt
- 2022-10-27 — $3,000,000,000