An anonymous director reports
BITZERO ANNOUNCES NOTICE OF INTENTION TO PREPAY LOAN
Bitzero Holdings Inc. has delivered the required notice under the company's existing senior secured loan facility with a syndicate of lenders of the company's intention to prepay the outstanding obligations under the loan.
The company expects to complete the prepayment on or about Aug. 6, 2026, following expiry of the applicable five-business-day notice period under the loan. The company expects to use a portion of the net proceeds of its recently completed approximately $25-million (U.S.) private placement financing, which closed on July 30, 2026, to finance the prepayment.
The final amount payable under the loan will include $22,375,000 (U.S.) in outstanding principal, plus accrued and unpaid interest, and any other amounts payable under the loan as of the prepayment date.
Upon completion of the prepayment, the company expects the loan to be repaid in full, with all related liens and security interests against the company's assets released in accordance with the applicable payoff, discharge and release mechanics under the loan. The company expects this to significantly strengthen its balance sheet, streamline its capital structure and leave the business substantially free of material debt as it advances its long-term infrastructure and data centre growth strategy. The prepayment follows the successful closing of the company's approximately $25-million (U.S.) private placement financing, which comprises entirely U.S. institutional investors, representing an important milestone in the continued institutionalization of Bitzero's capital base. Together, these developments are expected to enhance the company's financial flexibility and position Bitzero to accelerate the advancement of its growing portfolio of infrastructure assets.
About Bitzero Holdings Inc.
Bitzero Holdings is a provider of IT (information technology) energy infrastructure and high-efficiency power for data centres. The company focuses on data centre development, high performance compute (HPC) and strategic data centre hosting partnerships. Bitzero Holdings owns four data centre locations in the North American and Nordic regions, with its Nordic assets powered by clean, low-carbon energy sources.
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