Greenidge Generation Holdings Inc. announced the commencement of two separate concurrent offers (collectively, the ?Tender/Exchange Offer? or the ?Offer?) to exchange or to purchase, at the election of each holder, its outstanding 8.50% Senior Notes due 2026 (the ?Old Notes?). The Tender/Exchange Offer consists of an offer to exchange the Old Notes for a new series of 10.00% Senior Notes due 2030 (the ?New Notes?), in an amount equal to $11.00 principal amount of New Notes for each $25.00 principal amount of Old Notes exchanged.
Additionally, there is an offer to purchase the Old Notes for cash, in an amount equal to $8.50 for each $25.00 principal amount of Old Notes tendered, with an Early Tender Premium of $9.00 for those who tender at or prior to the Early Tender Date of July 2, 2025. The maximum aggregate principal amount of Old Notes that may be exchanged and purchased is $58,274,700. The Tender/Exchange Offer will expire on July 17, 2025.
