Morgan Stanley loan facility
Company: Core Scientific
The claim, verbatim
Core Scientific completed initial closing of $500 million from a Morgan Stanley 364-day facility bearing interest at SOFR plus 250 basis points, with accordion feature for up to $1 billion total commitments
Source (primary)
core-scientific 8-K exhibit (exhibit991pressreleasebr.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-13)Live source ↗
Quote: “it completed the initial closing of a $500 million 364-day loan facility (the "Facility") provided by Morgan Stanley. The Facility includes an accordion feature that provides the potential to increase total commitments by up to an additional $500 million, for total commitments of up to $1.0 billion, subject to customary terms and conditions. Borrowings under the Facility bear interest at a rate of Secured Overnight Financing Rate ("SOFR") plus 250 basis points (2.50%)”
How we checked this
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Additional evidence
confirms core-scientific 8-K exhibit (exhibit991pressreleasebr.htm)
Quote: “it completed the initial closing of a $500 million 364-day loan facility (the "Facility") provided by Morgan Stanley. The Facility includes an accordion feature that provides the potential to increase total commitments by up to an additional $500 million, for total commitments of up to $1.0 billion, subject to customary terms and conditions. Borrowings under the Facility bear interest at a rate of Secured Overnight Financing Rate ("SOFR") plus 250 basis points (2.50%)”