Cipher announced the closing of a revolving credit facility (the ?Facility?). The Facility provides for up to $200 million of committed capacity with an additional accordion option of up to $50 million. Proceeds from the Facility will be used to enhance liquidity, support working capital, and fund growth initiatives.
The Facility has a scheduled maturity of March 2030 and bears interest at the Secured Overnight Financing Rate (SOFR) plus 1.25% to 1.75%, subject to step-down pricing based on the Company?s total debt to market capitalization ratio. The Facility was undrawn at close.

















