CONSENSUS CLOUD SOLUTIONS SAYS IT MAY BORROW UNDER THE DDTL FACILITY UNTIL OCT. 15, 2028 AND EXPECTS TO USE THE PROCEEDS TO RETIRE NOTES ON OR ABOUT OCT. 15, 2027 - SEC FILING
CONSENSUS CLOUD SOLUTIONS HAS ENTERED AN AMENDED AND RESTATED CREDIT AGREEMENT ON SEPT. 30, 2026, RECEIVING A $225 MLN REVOLVING CREDIT FACILITY AND A $300 MLN DELAYED-DRAW TERM LOAN FACILITY, WITH THE CREDIT FACILITY MATURING ON SEPT. 30, 2031.
Consensus real GDP growth is 2.1% over the next year... with 1yr inflation swaps steady at 2.5%.
All of it suggests 4.6% nominal growth... for as much as folks say we are humming at 6-7% nominal.
And, of course, bonds look ahead (not behind). With the 10yr piercing 5%...
Consensus estimate is that ~15GW of AI compute produced in 2027 cannot be turned on in 2027.
This is harder than just finding power, as you also need to build out all the transformers, wiring, liquid-cooling, (massive) chillers & complex networking.
Consensus was always a problem for Big Bitcoin.
An unnecessary irritation.
Now, with Mike Schmidt controlling the Consortium and nodes disappearing, the protocol’s roadmap is much clearer.
Consensus views can feel comfortable until positioning, valuations and policy risks start telling a different story.
Hear Patrick and Brian discuss the market narratives they think deserve a closer look.
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