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PR Newswire·

CleanSpark, Inc. Announces Proposed Offering of $2.227 Billion of Senior Secured Notes

CLSK
  • CleanSpark's subsidiary CSDC Finance I intends to offer $2.227 billion in senior secured notes due 2031 via a private offering.
  • The offering targets qualified institutional buyers under Rule 144A & non-U.S. persons under Regulation S.
  • Net proceeds will finance the Sandersville Facility build-out, reimburse prior equity contributions, & fund debt service reserves.
  • CSRE Properties Sandersville LLC will fully guarantee the notes, which are secured by first-priority liens on Issuer & subsidiary assets.
  • CleanSpark will provide a completion guarantee to fund the Sandersville Facility if note proceeds prove insufficient.
  • The offering remains subject to market conditions, with no assurance regarding completion or specific terms.
  • The notes are unregistered & may not be sold in the U.S. absent registration or an applicable exemption.