Restructuring support agreement with noteholder group
Company: Core Scientific
The claim, verbatim
Entered into restructuring support agreement with ad hoc noteholder group representing more than 70% of convertible note holders, providing for more than $57 million in debtor-in-possession facility commitments and support for syndication of up to an additional $18 million in new money DIP facility loans (later terminated via fiduciary out)
Source (primary)
Core Scientific 10-K filed 2023-04-04 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company entered into a restructuring support agreement (together with all exhibits and schedules thereto, the ("Restructuring Support Agreement") with the ad hoc group of noteholders, representing more than 70% of the holders of its convertible notes (the "Ad Hoc Noteholder Group") pursuant to which the Ad Hoc Noteholder Group agreed to provide commitments for a debtor-in-possession facility (the "Original DIP Facility") of more than $57 million and agreed to support the syndication of up to an additional $18 million in new money DIP (defined below) facility loans”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the >70% figure, the >$57M commitment, the $18M syndication, and the fiduciary-out termination.
Confirmed in the source:
- Core Scientific entered a restructuring support agreement with an ad hoc noteholder group representing more than 70% of convertible note holders
- The group agreed to provide more than $57 million in debtor-in-possession facility commitments
- The group agreed to support syndication of up to an additional $18 million in new money DIP facility loans
- The agreement was later terminated via a fiduciary out
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1839341/000162828023010454/core-20221231.htm) in full (860,799 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Core Scientific 10-K filed 2023-04-04
Quote: “the Company entered into a restructuring support agreement (together with all exhibits and schedules thereto, the ("Restructuring Support Agreement") with the ad hoc group of noteholders, representing more than 70% of the holders of its convertible notes (the "Ad Hoc Noteholder Group") pursuant to which the Ad Hoc Noteholder Group agreed to provide commitments for a debtor-in-possession facility (the "Original DIP Facility") of more than $57 million and agreed to support the syndication of up to an additional $18 million in new money DIP (defined below) facility loans”