CleanSpark Prices $2.276 Billion Senior Secured Notes Due in 2031
CleanSpark (CLSK) announced on Friday that it has priced a $2.276 billion offering of senior secured notes with an interest rate of 7.875%, maturing in 2031, at 98.5% of the principal amount. The transaction is expected to close by September 25 and will be used primarily to fund remaining buildout costs for its projects. The high-yield offering reflects investor confidence in CleanSpark's growth strategy and project pipeline. With a significant portion of proceeds allocated toward capital expenditures, this financing move could accelerate the company’s development plans while increasing leverage on its balance sheet.
Tickers: $CLSK
Topics: corporate funding debt financing