Private credit and equipment finance.

It's our program, our form, our pricing. Investment-grade re/insurers carry the risk.

What counts as an interruption?

The offtaker leaves and the operator has to find a new one. Not a broad market crash.

The missed revenue while a replacement offtaker is found, for up to 90 days.

Yes, a surety bond with the lender as loss payee. Not an accounting gimmick, or an informal promise.

How much does it cost?

Roughly 200 to 400 bps on the loan, paid monthly. Send us the offtake agreement and the debt service schedule; we'll come back with an indication.

Offtake Interruption Cover

If the offtaker walks, the bond reimburses the missed revenue while a replacement is found.

Discuss a transaction How offtake agreements work

Coverage is placed by Matcha Specialty Insurance Services (Matcha Specialty LLC), a licensed California surplus lines broker, CA Lic. 6018236. American Compute, Inc. is not an insurer or a licensed insurance producer; on this page, “we” means Matcha Specialty.

Offtake interruption cover

If the offtaker walks, the bond reimburses the missed revenue for up to 90 days.

Monthly revenue

How it works

Lenders will not finance GPUs without multi-year contracted revenue from an offtaker, and even then the worry is that a weaker offtaker walks. Offtake interruption cover answers that: if the offtaker leaves and the operator has to find a new one, the bond pays the missed revenue while a replacement is found, for up to 90 days.

It is an annual surety bond with the lender as loss payee, priced at roughly 200 to 400 bps on the loan and paid monthly alongside the lender. It responds to an offtaker leaving, not to a market-wide drop in GPU rental rates, and terminations for cause and deliberate idling are excluded.

Discuss a transaction

Send us the offtake contract and the structure you have in mind. We will come back with an indication and the questions we would need answered.

Tell us about the transaction

We reply within 1 business day.

Prefer email? hello@amcompute.com

Offtake interruption questions

Who do you serve?: Private credit and equipment finance.
What's your role?: It's our program, our form, our pricing. Investment-grade re/insurers carry the risk.
What counts as an interruption?: The offtaker leaves and the operator has to find a new one. Not a broad market crash.
What does it pay?: The missed revenue while a replacement offtaker is found, for up to 90 days.
Real risk transfer?: Yes, a surety bond with the lender as loss payee. Not an accounting gimmick, or an informal promise.
How much does it cost?: Roughly 200 to 400 bps on the loan, paid monthly. Send us the offtake agreement and the debt service schedule; we'll come back with an indication.

Financing the cluster yourself? See how offtake interruption fits a GPU loan in the GPU loans & leases guide.