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.
- Entities
- Topic: Prime Brokerage
- Company: Ripple Prime
- Company: Ripple
- Company: Piper Sandler
- Topic: Cryptocurrency
- Company: Hidden Road
- Company: KBRA
- Topic: Investment Grade
- Company: Neuberger Berman
- Topic: Debt Financing
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