Riot Platforms secures bridge loan of up to $573 million maturing December 31, 2026
RIOT Riot Platforms Inc
$16.84 -9.17%
View chart & analysis → - 1Riot Platforms, Inc. shares fell 8% between the closing prices of September 30 and October 7.
- 2A Riot subsidiary holds a delayed draw term loan facility of up to $573 million from Morgan Stanley.
- 3CFO Jason Cheng said the company plans to execute takeout financing for this interim facility within the coming months.
So what's the key point?
Riot Platforms' stock price recently fell by about 8 percent. The company plans to replace the temporary funds borrowed from Morgan Stanley with another financing method soon.
Source TIKR · View original ↗
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