Other DebtExpired
xAI Floating Rate Term Loan
SPCX-XAIV30
$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
$1.00B
Coupon
—
Maturity
2030-06-30
Conversion price
—
- Executed June 2025 under the xAI First Lien Credit Agreement; guaranteed by X.AI Corp. and subsidiaries
- 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
- Term SOFR + 7.25% or ABR + 6.25%; effective 12.48% as of Dec 31, 2025
- Prepayment
- Prepayment penalties: 103% before Jun 30, 2027; 101% before Jun 30, 2028
Outstanding History
Outstanding history(3)
| As of | Event | Outstanding |
|---|---|---|
| 2026-03-02 | Repayment | $0.00 Repaid with SpaceX Bridge Loan proceeds |
| 2025-12-31 | Repayment | $995.00M |
| 2025-06-30 | Issuance | $1.00B June 2025; exact date not disclosed |
- 2026-03-02 — $0Note 9 — Debt (interim)
- 2025-12-31 — $995,000,000Note 10 — Debt
- 2025-06-30 — $1,000,000,000Note 10 — Debt