Senior secured credit facilities
Company: Core Scientific
The claim, verbatim
Core Scientific entered into US$600 million in committed senior secured credit facilities consisting of a US$100 million revolver and US$500 million letter of credit facility, expected to free approximately US$300 million of restricted cash for working capital and corporate use
Source (primary)
How Investors Are Reacting To Core Scientific (CORZ) $600 Million Credit Deal - simplywall.st (-, news_article)
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Quote: “Core Scientific entered into US$600 million in committed senior secured credit facilities, including a US$100 million revolver and a US$500 million letter of credit facility, expected to free about US$300 million of restricted cash for working capital and corporate use.”
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Additional evidence
confirms How Investors Are Reacting To Core Scientific (CORZ) $600 Million Credit Deal - simplywall.st
Quote: “Core Scientific entered into US$600 million in committed senior secured credit facilities, including a US$100 million revolver and a US$500 million letter of credit facility, expected to free about US$300 million of restricted cash for working capital and corporate use.”