Cipher Digital Signs 15-Year Data Center Campus Lease With Hyperscale Tenant and Secures Revolving Credit Facility Up To $200 Million

Reuters
Yesterday

Cipher Digital closed a revolving credit facility providing up to $200 million of committed capacity, with an accordion option of up to $50 million.

Shares of Cipher Digital jumped over 7% in premarket trading.

Proceeds will be used to enhance liquidity, support working capital, and fund growth initiatives.

The facility has a scheduled maturity of March 2030 and bears interest at SOFR plus 1.25% to 1.75%.

Morgan Stanley serves as Administrative Agent and acted as Lead Arranger and Lead Bookrunner, with Banco Santander, Goldman Sachs, JPMorgan Chase, Sumitomo Mitsui Banking Corporation, and Wells Fargo in the syndicate.

The facility was undrawn at close.

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