According to an 8-K filing submitted by Riot Platforms on August 14, its wholly-owned subsidiary, Riot DC Logistics, signed a senior secured delayed draw term loan agreement on August 10 for a maximum principal amount of $573 million, with Morgan Stanley Senior Funding, Inc. acting as the administrative agent. The funds will be used to procure long-lead-time equipment and cover costs related to Riot's 191 MW critical IT capacity data center project at the Rockdale campus. The loan carries an interest rate of adjusted term SOFR plus 2.75%, or the base rate plus 1.75%, and is set to mature on December 31, 2026. The loan is secured by the credit parties' nearly all assets as collateral and is non-recourse to Riot Platforms and other non-credit parties in principle. https://(wublock123.com)/news/riot-subsidiary-573m-datacenter-loan-66556