Greenidge Generation plans $100 million of $25-par notes due 2026

Chicago, Sept. 21 – Greenidge Generation Holdings Inc. is planning to sell $100 million of $25-par senior notes due 2026, according to an S-1 filing with the Securities and Exchange Commission.

The notes will be redeemable starting in 2023 at 102, then in 2024 at 101 and at par starting in 2025.

There will be an over-allotment option for an additional $15 million of notes.

B. Riley Securities Inc. is the bookrunner.

Wilmington Savings Fund Society, FSB is the trustee.

Proceeds will be used for general corporate purposes, including funding future acquisitions and investments, repaying debt, making capital expenditures and funding working capital.

The notes will be listed on the Nasdaq Global Select Market.

Greenidge is an owner of a vertically integrated bitcoin mining and power generation facility in Dresden, N.Y.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.