A wholly owned subsidiary of Riot Platforms has entered into a credit agreement for a senior secured delayed-draw term loan facility of up to $573.0 million. The proceeds are intended to fund the purchase of long-lead and project equipment for the company's 191 MW data center project at its Rockdale Facility.
Key Details
- Agreement Date: The credit agreement was executed on August 10, 2026, with Morgan Stanley Senior Funding, Inc. as the administrative agent.
- Facility Amount: Up to $573.0 million, available for borrowing starting August 10, 2026.
- Maturity & Interest: Loans under the facility mature on December 31, 2026, and bear interest at the borrower's election of either the Adjusted Term SOFR rate plus 2.75% or a Base Rate plus 1.75%.
- Security: The facility is secured by a lien on substantially all assets of the borrower, Riot DC Logistics, LLC, and its affiliate.