Greenidge Generation Holdings Inc. announced an amendment and restatement of its concurrent tender and exchange offers for its 8.5% Senior Notes due 2026.
The company increased the purchase price of the Tender Option and extended the Expiration Date.
Holders of Old Notes have the option to exchange or purchase their outstanding notes at the amended terms.
Amended Offers
Greenidge amended and restated its concurrent tender and exchange offers to increase the purchase price of the Tender Option.
Extended Expiration Date
The Expiration Date for the Tender/Exchange Offer has been extended to Monday, September 29, 2025.
Validly Tendered Amount
$3,972,675 of the Old Notes were validly tendered and not withdrawn as of the Withdrawal Date.
- The increase in the purchase price and extension of the offer period may attract more holders to participate in the tender/exchange offer.
- The validly tendered amount indicates investor interest in the amended terms presented by Greenidge.
Greenidge's announcement of the amendment and extension of the Tender/Exchange Offer reflects its proactive approach to engaging with investors and optimizing its financial position.