Summary: The facility will support Flowdesk’s global expansion and trading infrastructure. Borrowings will be secured by bitcoin holdings.
PARIS–(BUSINESS WIRE)–Flowdesk, a full-service digital asset trading and technology firm, today announced a $100 million credit facility from Two Prime Lending Limited (“Two Prime”), the secured lending affiliate of Two Prime Inc. The facility will support Flowdesk’s continued global expansion and capital-efficient trading infrastructure.
Under the terms of the agreement, Two Prime will provide a multiple drawdown term loan facility in an aggregate principal amount of up to $100 million. The facility is available immediately upon execution (the “Effective Date”) and matures 365 days thereafter. Flowdesk may request to extend the maturity date by an additional 365 days, subject to Two Prime’s consent. All borrowings will be secured by a portion of Flowdesk’s total bitcoin holdings.
“Flowdesk is scaling to meet the
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