Financing ·
Keel Infrastructure Corp. issued $458,000,000 in 1.250% Convertible Senior Notes due 2032, which includes an…
BITFKeel Infrastructure Corp.
Keel Infrastructure Corp. issued $458,000,000 in 1.250% Convertible Senior Notes due 2032, which includes an additional $58,000,000 in notes issued following the full exercise of an over-allotment option. The notes are guaranteed by Bitfarms Ltd. and carry a 1.250% annual interest rate with semi-annual payments starting January 15, 2027. The company also entered into capped call transactions with an initial cap price of $11.86 per share to mitigate potential dilution from conversion. Keel Infrastructure Corp. operates in the infrastructure sector and provides services related to infrastructure development and management.