Greenidge Generation Restructures Debt with New Senior Notes Exchange Offer
ByAinvest
Friday, Mar 13, 2026 6:13 pm ET1min read
GREE--
Greenidge Generation has announced a debt restructuring by exchanging $36.6 million of its outstanding senior notes for new 10.00% senior notes maturing in 2030. Noteholders can exchange their notes for new debt with a 45% premium over the recent volume-weighted average price. The exchange requires a minimum tender of $11 million, representing 30% of the outstanding notes. This move follows operational setbacks in 2025, including a fire at its Dresden facility and financial pressures.
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