#revolving-credit-facility

#revolving-credit-facility

Fold Holdings, Inc., the first publicly traded bitcoin financial services company, has entered a four-year, senior secured revolving credit facility with Encina Lender Finance, LLC. The facility carries an uncommitted accordion feature capping the maximum size at $150 million and is secured by a pool of consumer credit card receivables. The deal gives Fold a dedicated funding source to grow its Bitcoin Credit Card program without issuing new equity - a structure that avoids diluting existing shareholders.