Brief: Greenidge Improves Liquidity Profile Following Sale And Deleveraging Transaction

Vulcan Infrastructure and Power

15/11/2023 15:03

Nov 15 (Reuters) - Greenidge Generation Holdings Inc
 GREE.O :
    * GREENIDGE SUBSTANTIALLY IMPROVES LIQUIDITY PROFILE
FOLLOWING
SALE AND DELEVERAGING TRANSACTION
    * GREENIDGE GENERATION HOLDINGS INC- WILL RECEIVE CASH
CONSIDERATION OF APPROXIMATELY $6.2 MILLION IN CONNECTION WITH
TRANSACTION
    * GREENIDGE GENERATION HOLDINGS INC- ELIMINATES REMAINING
$21.8
MILLION OF SECURED DEBT BY SELLING SOUTH CAROLINA MINING SITE TO
NYDIG
    * GREENIDGE GENERATION HOLDINGS INC- GREENIDGE HAS REDUCED
ITS
DEBT BY A TOTAL OF $85.3 MILLION IN 2023

Source text for Eikon:  ID:nPn13TV8Ha 
Further company coverage:  GREE.O 

 ((Reuters.Briefs@thomsonreuters.com;))