North America Neobank Senior Secured Term Loan Token

PC1000023


Price
$1.00 USD (0%)

24h Volume
0.00

Market Cap
$75,000,000

Last Trade
March 31, 2025

Last Trade
March 31, 2025
North America Neobank Senior Secured Term Loan logo

PC1000023 Market Cap & Volume

Source: STM.co

Feb '25Feb '2510 Feb10 Feb20 Feb20 FebMar '25Mar '2510 Mar10 Mar20 Mar20 Mar$80 M$60 M$40 M$20 M0
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Feb '25Feb '2510 Feb10 Feb20 Feb20 FebMar '25Mar '2510 Mar10 Mar20 Mar20 Mar543210
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Trading History

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Terms

Fundraise Information

Total Raise $150,000,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment $1,000,000 USD
Accepted Investors International Non-US
Exemptions N/A
Instrument Private Credit
Token Issuance Info N/A

Token Information

Price Per (PC1000023) $1 USD (0%)
Token Issuance Platform Tradable
Secondary Marketplace Tradable
Blockchains Available On ZKSync Era
Security Type Fixed Income
Asset Class Private Credit
Ratings -
Token Rights N/A

About

Overview

The Company is a neobank that provides banking and financial management tools for its customers. In September 2023, the Originator upsized its Delayed Draw Senior Secured Term Loan Facility from $100M to $150M and extended the maturity by approximately two years to December 15, 2026.



Highlights

Details

  • Total Deal Size: $150M
  • Target Net Returns: 7.79%
  • Term: 5 yrs 11 mos
  • Min Investment: $1M
  • Available Allocation: $4.8M
  • Type: Debt
  • Rate Type: Floating
  • Maturity Date: Dec 15, 2026
  • Capital Call Type: Drawdown
  • Onchain Capital Call Type: Prefund
  • Day 1 Draw: $0

Rates

  • Cash Interest Rate: 8-11%

Fees

  • Management Fee: 0%
  • Performance Fee: 0%
  • Expense Fee: 0%
  • Origination Fee: 2%

Blockchain

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ZKSync Era 0xAE0d8cad4cE522538AE34386c319C7ccD11FE428 Click here