Ripple Prime Upsizes Senior Notes to $275 Million, Lands BBB Investment-Grade Stamp
Ripple has successfully upsized its private placement of senior unsecured notes to $275 million through its non-bank prime brokerage arm, Ripple Prime. The notes have secured a BBB investment-grade rating from KBRA, marking a significant achievement for a crypto-adjacent firm. Proceeds will be used for working capital and to scale Ripple Prime's U.S. clearing, prime brokerage, and financing services.
EGamers.io
- Entities
- Prime Brokerage
- Ripple Prime
- Ripple
- Piper Sandler
- Cryptocurrency
- Hidden Road
- KBRA
- Investment Grade
- Neuberger Berman
- Debt Financing
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