Voyager Digital Signs Term Sheet for US$200 Million and 15,000 BTC Revolving Line of Credit with Alameda Research

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Description

NEW YORK, June 17, 2022 /PRNewswire/ – Voyager Digital Ltd. ( “ Voyager ” or the “ Company ” ) ( TSX : VOYG ) ( OTCQX : VYGVF ) ( FRA : UCD2 ) today announced that the Company signed a non-binding term sheet with Alameda Research to secure a roll credit line of credit providing Voyager with access to far capital. The Company pursued this term sheet considering the current crypto market conditions. The proceeds of the credit facility are intended to be used to safeguard customer assets in light of current market volatility and alone if such practice is needed. Voyager is putting the facility in target to better serve and protect its customers .
“ today ‘s actions give Voyager more tractability to mitigate current market conditions and strengthen our relationship with one of the industry leaders, ” said Stephen Ehrlich, Chief Executive Officer, Voyager. “ Safeguarding customer assets is always our top priority, and ongoing, prudent risk management equally well as a strong balance plane are two ways that we continue to demonstrate that priority. ”
The term sheet with Alameda Research provides for revolving term citation facilities each having a term expiring December 31, 2024, and having an annual concern rate of 5 % collectible on maturity. The first base credit facility is a cash/USDC-based credit facility with an aggregate star total of US $ 200 million. The second orb credit facility is for 15,000 in Bitcoin ( BTC ). The credit facilities will only be used by Voyager if needed to safeguard customer assets. In addition to the funds available under the credit facilities, Voyager has more than US $ 200 million on its balance sheet .
Voyager and Alameda are working to execute authoritative documentation, which is expected to be completed in the derive days.

Reading: Voyager Digital Signs Term Sheet for US$200 Million and 15,000 BTC Revolving Line of Credit with Alameda Research

About Voyager Digital Ltd.
Voyager Digital Ltd. ‘s ( TSX : VOYG ) ( OTCQX : VYGVF ) ( FRA : UCD2 ) US auxiliary, Voyager Digital, LLC, is a cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost-efficiency to the marketplace. Voyager offers a guarantee way to trade over 100 different crypto assets using its easy-to-use fluid application. Through its auxiliary Coinify ApS, Voyager provides crypto requital solutions for both consumers and merchants around the ball. To learn more about the company, please visit hypertext transfer protocol : //www.investvoyager.com .
Forward Looking Statements

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Certain data in this press acquittance, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, the terms of the term sheet and any authoritative loanword documentation and the Company ‘s expect results may constitute forward looking information ( jointly, advanced statements ), which can be identified by the manipulation of terms such as “ may, ” “ will, ” “ should, ” “ expect, ” “ predict, ” “ project, ” “ appraisal, ” “ intend, ” “ continue ” or “ believe ” ( or the negatives ) or other exchangeable variations. advanced statements involve known and obscure risks, uncertainties and other factors that may cause Voyager ‘s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by advanced statements. furthermore, we operate in a identical competitive and quickly changing environment. New risks emerge from fourth dimension to time. It is not potential for our management to predict all risks, nor can we assess the impingement of all factors on our commercial enterprise or the extent to which any agent, or combination of factors, may cause actual results to differ materially from those contained in any advanced statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this compress acquittance may not occur and actual results could differ materially and adversely from those anticipated or implied in the advanced statements. There is no assurance that the transactions contemplated by the non-binding term sail will be completed or if completed they will be on the terms agreed. There is no assurance that the funds available under any definitive loan agreement will be available or if available will, together with any other assets of Voyager be sufficient to safe guard customer assets. Forward looking statements are discipline to the risk that the global economy, industry, or the Company ‘s businesses and investments do not perform as anticipate, that gross or expenses estimates may not be met or may be materially less or more than those anticipated, that parties to whom the Company lends assets are able to repay such loans in full and in a seasonably manner, that trading momentum does not continue or the demand for trade solutions declines, customer skill does not increase as plan, product and external expansion do not occur as planned, risks of conformity with laws and regulations that presently apply or become applicable to the business and those other risks contained in the Company ‘s public filings, including in its Management Discussion and Analysis and its annual Information Form ( AIF ). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such advanced statements include, but are not limited to, a refuse in the digital asset commercialize or cosmopolitan economic conditions ; changes in laws or approaches to rule, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions ; changes in the excitability of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the condition or categorization of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trade businesses or achieving mandates and gaining traction ; failure to grow assets under management, an adverse growth with respect to an issuer or party to the transaction or failure to obtain a ask regulative approval. In connection with the advanced statements contained in this iron release, the Company has made assumptions that no significant events occur outside of the Company ‘s normal class of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trade volumes fluctuate and may increase and decrease from time to clock and that such fluctuations are beyond the Company ‘s control. advanced statements, by and introduce operation and trends are not guarantees of future performance, consequently, you should not put undue reliance on advanced statements, current or past performance, or current or past trends. information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the canadian securities regulators available at www.sedar.com. The advanced statements in this crusade liberation are applicable only as of the date of this turn or as of the date specified in the relevant advanced statement and the Company undertakes no obligation to update any advanced statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events, except as required by law. The Company assumes no obligation to provide functional updates, except as required by law. If the company does update one or more advanced statements, no inference should be drawn that it will make extra updates with deference to those or other advanced statements, unless required by law. Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends. There is no assurance that the transactions contemplated by the non-binding term sheet will be completed or if completed they will be on the terms agreed. There is no assurance that the funds available under any definitive loan agreement will be available or if available will, together with any other assets of Voyager be sufficient to safe guard customer assets .
The TSX has not approved or disapproved of the information contained herein.

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Press Contacts
Voyager Digital, Ltd.
Voyager Public Relations Team
[ electronic mail protected ] SOURCE Voyager Digital ( Canada ) Ltd .

source : https://newtopvn.com
Category : Crypto News

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