Voyager eyes credit facilities with Alameda to safeguard assets

By Wendy Van Sickle

Columbus, Ohio, June 17 – Voyager Digital Ltd. signed a non-binding term sheet with Alameda Research to secure revolving term credit facilities expiring Dec. 31, 2024 with an annual interest rate of 5% payable on maturity, according to a news release Friday.

The company said it pursued this term sheet considering the current crypto market conditions. The proceeds are intended to be used, if needed, to safeguard customer assets in light of current market volatility.

In addition to the funds available under the credit facilities, Voyager said it has more than $200 million on its balance sheet.

Definitive documentation is expected to be completed in the coming days.

Voyager Digital is a cryptocurrency platform that is based in New York.

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