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KindlyMD Secures $200 Million Credit Facility from Two Prime and Completes Convertible Note Redemption
Accessnewswireยท 2025-10-03 20:05
Core Insights - KindlyMD, Inc. has entered into an open credit facility with Two Prime Lending Limited, securing a term loan of $203,017,500 [1] - The financing primarily aims to redeem a $200 million convertible debenture, along with 1.5% interest, with YA II PN, Ltd. [1] Financial Strategy - The loan proceeds will enhance the company's balance sheet while allowing it to preserve its Bitcoin holdings [1] - This move provides flexibility for KindlyMD to pursue its long-term growth strategy [1]